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 →

Concurrent Delay and Pacing Delay in Construction Claims

What is Concurrent Delay in Construction Claims? Meaning of concurrent delay (from SCL Delay and Disruption Protocol 2nd Edition) True concurrent delay is the occurrence of two or more delay events at the same time, one an Employer Risk Event, the other a Contractor Risk Event, and the effects of which are felt at the... Continue Reading →

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