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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.
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