Forth Replacement Crossing director favours bespoke project insurance
Heath Lambert has won a three-year contract as broker for the new £2.3bn Forth Replacement Crossing in Scotland.
Heath Lambert saw off competition from the mega-brokers to win the contract for the bridge, which is being administered by Transport Scotland.
The Forth Replacement Crossing will provide a new 2.7km cable-stayed bridge over the Firth of Forth, together with approach roads to the north and south of the crossing.
Heath Lambert’s managing director of the project risks team, Mike Hawkes, said the tendering process had taken three months of intense work. He explained that the next major step was for insurers to put forward their bids as part of the tendering process, which requires EU authorisation.
Heath Lambert would advise on insurance partners, risk management and risk financing for the bridge.
Heath Lambert project team leader Mark Bourke said the broker’s experience in big infrastructure projects, such as London Crossrail and Thames Tideway, had helped clinch selection.
Transport Scotland’s project director for the Forth Replacement Crossing, John Howison, said: “This appointment will allow us to examine the benefits of a bespoke project insurance policy.
“This approach has been of interest to us for some time as a way of further improving site confidence in the construction of our transport projects.”