The Decennial Insurance and the Technical control

The Decennial Insurance and the Technical control

According to " THE BUILDING CONTROL ACT 2012 (Act No. 9 of 2012)"
 
Every developer shall subscribe, in relation to such building as may be prescribed: A property damage insurance policy in favor of eventual or subsequent buyers or lessees to guarantee, for a period of 10 years, the payment of compensation for any property damage caused to a building by faults or defects originating in or affecting the structural elements including the foundation, supports, beams, framework, loading-bearing walls. Or other structural elements and which could directly jeopardize the building's structural soundness and stability."
 
According to " The Regulations made by the Minister under sections 12 and 28 of the Investment Promotion Act" - Section 8, point 3(b)(I) & 3(C) Obligations of PDS company:
 
Every PDS Company shall :
 
subscribe, in respect of each residential property, to a property damage insurance policy in favour of eventual or subsequent purchasers to guarantee
 
  • for a period of 10 years from the date of delivery of a residential unit to the purchaser, the payment of 6 compensation for any property damage caused to a residential building by faults or defects originating in or affecting the structural elements including the foundation, supports, beams, framework, load-bearing walls or other structural elements and which could directly jeopardise the building's structural soundness and stability.

 
Appoint an independent quality assurance contractor who shall 
 
  • Ensure that construction works conform with standards set out in the contract with the builder; 
  • And at the time of delivery of a residential property to a purchaser, deliver to that purchaser a clearance certificate stating that the construction works conform with the standards set out in the contract between the PDS Company and the builder.
 
Because the policy is to be issued for ten years and cannot be cancelled during that ten year period the insurers have to be satisfied that the risk is acceptable. To ensure a rigorous technical construction supervision, they request a third party body like Apave Indian Ocean to be involved from the beginning of the project to validate the plans/designs (architect's drawings, structural engineers' drawings, design criteria, structural calculations, etc),  to follow and inspect the quality the work during the construction phase and provide a final conformity report.
Experience.Expertise.Proximity.