Through qualifying contract-insurance placement.
Gain continuous monitoring of notices, variations, claims, payments, delay exposure and emerging disputes — supported by executive reporting and an assigned Dispute Control Manager.
What HERCULES Provides
Early Warning and Monitoring
- Notice and time-bar tracking
- Unresolved variation monitoring
- Payment and claim exposure
- Instructions awaiting written confirmation
- Delay and LAD exposure
Project-Team Support
- Guidance to contract, commercial and delivery teams
- Review of entitlement and claim records
- Escalation of high-risk issues
- Early preparation for adjudication or arbitration where required
Executive Visibility
- Monthly contractual-health dashboard
- Matters requiring management intervention
- Outstanding financial exposure
- Key contractual deadlines over the next 7, 14 and 30 days
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.
Insurance requirements reviewed
The organisation's construction contract-insurance requirements are reviewed.
Suitable requirements placed
Where suitable, qualifying insurance requirements are placed through the relevant appointed or authorised insurance channel.
Permitted funding value assessed
The available remuneration, commission or other permitted funding arrangement is assessed.
HERCULES programme activated
Following written confirmation, the available funding is applied towards the agreed HERCULES Programme fee, resulting in no separate programme fee or a reduced fee.
HERCULES vs EUREKA — Two Programmes, Two Funding Pathways
| EUREKA™ | HERCULES™ | |
|---|---|---|
| Main purpose | Contract review and project readiness | Continuous contract-risk control |
| Best starting point | Immediately after contract award | During project execution |
| Format | Bespoke half-day programme | Ongoing monthly programme |
| Funding pathway | HRD Corp levy | Qualifying insurance placement |
| Main audience | Project, contract, commercial and delivery teams | CEOs, MDs, Project Directors and Commercial Directors |
| Principal outcome | Contractual risks converted into an operational action plan | Emerging risks continuously monitored and escalated |
Frequently Asked Questions
Could Your Contract Insurance Help Fund HERCULES?
Complete a confidential assessment to find out.