Don’t neglect the cost of delay…

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Many project owners usually rely on their building contract in the event of late delivery. This contract passes the risk over to the contractor, who will then be liable for the liquidated or ascertained damaged (LADs) incurred as a result of the delay.

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Don’t neglect the cost of delay

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Delay in Start Up (DSU) insures project owners for the financial consequences of a delay to project completion arising from an insured physical damage event. The cover is best purchased with the Contractors All Risks/Erection All Risks (CAR/EAR) policy covering physical loss or damage to the project.

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