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Cost Guarantee Model on EXPO Real 2006 real estate trade fair in Munich

SGC AG introduced the Construction Cost Guarantee Model in a seminar in co-operation with VBI (association of German consulting engineers) and its network partners on EXPO Real 2006 public real estate trade fair. In addition, reports on selected subjects related to the Construction Cost Guarantee Model were read on the conference:

  Construction Cost Guarantee Model, an innovative approach for financial security in construction
Dr.-Ing. Peter F. Ripper
SGC Deutschland AG
Genf- Basel-Darmstadt
  Cost overrun in construction projects from juridical point of view
Christoph Heinen (lawyer)
LLR Legerlotz Laschet Rechtsanwälte
  AWARO, an internet based tool for risk management in construction to be used with the Construction Cost Guarantee Model
Dr.-Ing. Friedrich Steiger
BGS Ingenieure
Dr.-Ing. Christian Müller

The report presentations and a poster can be downloaded in the "Downloads" section.

The response towards the Construction Cost Guarantee Model at EXPO 2006, was very positive. The model was mostly appreciated by banks and institutional investors. In this sphere, financial security of construction projects is the most highly evaluated. The Cost Guarantee insurance is considered as a cost saving alternative to General Contractor models (GU).

The Construction Cost Guarantee Model is also welcomed by international investors and project developers, in particular, from USA and Great Britain, because major components of the Construction Cost Guarantee model are similar to Quantity Survey, which is a standard procedure in construction in their homelands. Additional cost guarantees strengthen trust in real estate projects in Germany.

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Responsibility in accordance to §6 MDStV:

SGC Deutschland AG
Amtsgericht Darmstadt HRB 9647
Managing Director:Dr.-Ing. Peter F. Ripper
Beerbacher Staße 23
D-64297 Darmstadt Germany

Tel.: +49 (0)6151 5048075
Fax: +49 (0)6151 9180846