Risk Sharing in Project Developmentby D. L. Brandl, Allis-Chalmers Hydro Inc, York, PA, USA,
Abstract: This paper reviews some of the areas in which attention to detail can make the contractual relationship more positive and lead to a better project. Subjects covered include: selecting the optimum equipment/construction solution; providing assistance and incentives to deliver on time; improving confidence that performance guarantees will be met; understanding the quality level which will be provided; providing good O&M manuals; using insurance policies to minimize exposure; avoiding consequential damages; and defining warranties.
Subject Headings: Power plants | Hydro power | Construction equipment | Insurance | Economic factors | Maintenance | Quality control
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