Construction

The Construction and Infrastructure development industry plays a pivotal role in the economic escalation of a nation and its significant development plans, especially in the developing countries. The Indian Construction industry has been on the upswing ever since the economic reforms and stands today as the second largest contributor to the national economy, with a 6.3% contribution to the GDP. Also, holding the second largest employment generation avenue in the country with a work-force of nearly 32 million, the industry is set to accomplish its true potential of being a global player.

The Indian Infrastructure industry is highly fragmented and has about 300,000 construction companies operating nationwide. Heavy Engineering industry is one of the largest segments of the Infrastructure industry whilst construction machinery, equipment for irrigation projects, diesel engines, tractors, and transport vehicles, cotton textile and sugar mill machinery are manufactured objects of great demand. Some major areas where these are in use are the multi-crore projects for power generation like nuclear power stations, petrochemical complexes, integrated chemical and steel plants and for construction of dams, roads, highways and developmental infrastructure etc.

A chief market for infrastructure and property that is commercial and residential development, the industry invariably attracts massive investments from the public and private sector and evidently provides vast opportunity for diverse industry players.

Needless to state, big money is befriended by the company of big risk. Construction projects face high-risk with business, financial, technological, project-based and political risks. The project owners, construction businesses, specialists, investors and financial institutions, vendors and suppliers and service providers, fear meeting terms with their own risk in the conduct of operations.

Mitigation of risks is the all en-compassing requirement of the Construction and Infrastructure industry. In order to have better risk identification, assessment, profiling, management and mitigation ENAM caters to the specific need for industry-specific and customized solutions.

ENAM Risk Management Strategy

Assistance in determination of the objectives of the client company
Advice on specific and detailed risk identification, analysis and assessment
Selection of the risk treatment devices or appropriate covers from the market
Arranging for risk transfer with optimization of covers at best possible quotes
Prompt claims facilitation, cooperation and provision of technical expertise.

To know more, please feel free to write to insure@enam.com

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