Key phrases that are included in many construction contracts, such as “Additional Insured” and “Notification Requirements,” can be maddening if not fully understood.
The effectiveness of contractual risk transfer is more strained than ever. Upstream parties have attempted to toughen the insurance requirements in their construction contracts, utilizing terms that truly alter the intent of the requirement. And, which may, or may not, be insurable. Insurers are pushing back.
“I’m Frank, your project manager. Welcome to our design center,” Frank Gomez said as he shook Ali Haddad’s hand warmly. A charismatic man in his 40s, Frank was a founder of the engineering firm in charge of the design, construction and operation of Amadeus Towers, the future home of Sapientia Financial.
Maurice Patrick Jamison V sat on the steps of his house. It had been a long legal battle, but now it was his and he was determined to make it his home.
It was a cold morning in late January; there was no snow, but the frost had been induced again for the novelty and amusement of the city’s residents—not that he was feeling entertained or amused.