Risk Sharing in Project Development

by D. L. Brandl, Allis-Chalmers Hydro Inc, York, PA, USA,

Document Type: Proceeding Paper

Part of: Waterpower '85


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: Risk management | Power plants | Hydro power | Construction equipment | Construction management | Equipment and machinery | Insurance | Economic factors

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