Construction Forum-Construction Forum: Day 1

Video Transcription

Video Summary

The video transcript discusses the challenges and considerations involved in deciding whether to repair or replace crane components, emphasizing issues with manufacturers' input, materials availability, and customer acceptance. It covers common causes of crane accidents, roles and responsibilities in crane operations, material availability challenges due to COVID-19, and the ongoing repair versus replace debate. The contractors' equipment market has seen a rise in value due to various factors, with a case study of KNN Construction Company facing challenges in a land clearing project due to environmental concerns. The discussion also touches on hazards related to construction equipment, the importance of proper valuation for insurance coverage, coinsurance requirements, labor shortages affecting repair delays, operator error, and the significance of adequate training and insurance coverage. The session concludes with key points emphasizing the complexity of handling crane-related incidents and the importance of thorough evaluation and decision-making in such scenarios to mitigate risks effectively.

Asset Caption

Date of Publication: November 7, 2023
Duration: 2.5 hours

Cranes
Presented by:
Jason Baynard, NBIS
JR Bristow, Truck & Equipment Specialists, Inc
Joseph Doerr, Emery & Karrigan, Inc

Contractors Equipment Valuation/Coinsurance/Claims
Presented by:
Diane Sprengel, Selective Insurance
Katherine Christodoulatos, Markel

Meta Tag

Module Construction Forum

Keywords

crane components

repair vs replace

manufacturers' input

materials availability

customer acceptance

crane accidents

roles and responsibilities

COVID-19

contractors' equipment market

KNN Construction Company

environmental concerns

construction equipment hazards

insurance coverage valuation

labor shortages

operator error