HERCULES helps management and project teams monitor, control and respond to contractual risks throughout the project lifecycle — from contract award to final handover.
What HERCULES Provides
✓ Monitoring of contractual notices
✓ Review of unresolved variations
✓ Payment and claims tracking
✓ Identification of time-bar exposure
✓ Delay and LAD risk monitoring
✓ Review of instructions awaiting confirmation
✓ Escalation of major contractual issues
✓ Guidance to project, contract and commercial teams
✓ Monthly executive risk reporting
✓ Identification of matters requiring intervention
✓ Early preparation for adjudication or arbitration
✓ Project contractual-health dashboard
How the HERCULES Funding Arrangement Works
Instead of treating insurance and contract-risk control as separate expenses, qualifying organisations may be able to use the value generated from their insurance placement to fund the HERCULES Programme.
Step 1
Review
The organisation's construction contract-insurance requirements are reviewed.
Step 2
Placement
Where suitable, qualifying insurance requirements are placed through the relevant appointed or authorised insurance channel.
Step 3
Eligibility Confirmation
The available remuneration, commission or other permitted funding arrangement is assessed.
Step 4
HERCULES Activation
Where sufficient and permitted, the available funding is applied towards the agreed HERCULES Programme fee, resulting in no separate programme fee or a reduced programme fee for the client.
Important notice: HERCULES may be provided without a separate programme fee where an organisation places its qualifying construction contract-insurance requirements through our appointed or authorised insurance channel, and the remuneration generated from the insurance placement is used to fund the programme. The precise arrangement depends on the insurance programme, applicable regulations, commercial terms and written confirmation. Subject to: eligibility, the nature and value of the insurance placement, acceptance by the relevant insurer or intermediary, applicable regulatory requirements, written confirmation and the agreed scope of HERCULES services. Insurance placement is subject to insurer acceptance and the involvement of the relevant authorised insurance intermediary. This does not constitute an offer or binding commitment.
Your Insurance Programme May Do More Than Transfer Risk
Qualifying construction organisations that place their contract-insurance requirements through our relevant insurance channel may be eligible to receive the HERCULES Programme without a separate programme fee or at a reduced cost.
Check Whether Your Organisation Qualifies
Receive the Executive Risk Brief
HERCULES funding eligibility depends on the nature and value of the qualifying insurance placement, applicable regulatory requirements, commercial terms and written confirmation. Insurance placement is subject to insurer acceptance and the involvement of the relevant authorised insurance intermediary.