EOT Claim and Prolongation Cost Claim – The Basic Concepts

Purpose of EOT It is often incorrectly thought that entitlement to an EOT automatically carries with it an entitlement to compensation for prolongation costs during the period of the EOT. The main effect of an EOT is that the Contractor is relieved of its liability for liquidated damages during the period of the extension and... Continue Reading →

Delay Start-up Insurance to cover Anticipated Profit, Revenue in a Delayed Project

1. What is Delay Start-up Insurance (DSU)? Delay in start-up (DSU) cover is designed to secure the portion of revenue which the owner: Requires to service debt; andRealize anticipated profit. It provides protection against delays arising from physical damage caused by any type of peril included in the relevant material damage cover, i.e. the Contractors'... Continue Reading →

Benefit of using Primavera P6 in Delay Analysis

Primavera P6 software can be very useful in delay analysis work. Some of the benefits are described as follows. 1. Filter which activity affect the critical milestones There could be many delay events happened in a project and each delay event affects certain activities. What are the delay events or activities impacting the critical milestones?... Continue Reading →

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