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What would be the implications of entering high levels of deductibles in the Contract Data?

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What would be the implications of entering high levels of deductibles in the Contract Data?

asked Oct 11, 2012 in Risk and Insurance by BuiltIntelligence (870 points)  

1 Answer

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Best answer

The price of bids may increase since tenderers will insure all or part of the deductible amount. Incorporating these additional premiums will increase the price.

answered Oct 11, 2012 by BuiltIntelligence (870 points)  
edited Nov 9, 2012 by Rob Glasspool