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GineersNow Construction magazine Dec2019 hardware, civil engineers, heavy equipment, machinery, BIM, infrastructure, mining, pipes contractor cement building materials tool EPC, contractors

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GineersNow construction Leaders magazine is featuring the best stories of 2019

Read the latest GineersNow articles and stories about BIM, building materials, chemical coating, contracting, engineering design, EPC, heavy equipment, infrastructure, machinery, mining, rental equipment, health and safety, paint and sealants, steel bar and piping, tooling, trucks and cementitious waterproofing at www.gineersnow.com

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B E S T S T O R I E S O F 2 0 1 9

compensation needed by the

employer. At AXA, we offer a

construction package, which

covers and protects the needs

of the relevant stakeholders,

identified for each contract

with the project team.

It is also worth focusing on

‘Delay in Start-Up’, also referred

to as Advanced Loss of

Profit (ALOP). In essence, the

ALOP element covers clients

against lost revenue following

a physical loss under a construction

policy. This financial

security, although it is an optional

cover which comes with

a certain cost, is viewed as a

very strong security, in particular

by financing parties.

50

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