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? The term “concurrent delay” is commonly used to describe circumstances where different causes of delay overlap during a period of time. Concurrent delay could occur if a delay that was caused by the owner is on the same activity path or a parallel activity path as a delay... Continue Reading →

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