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When the Clause Bars Damages
In large-scale infrastructure and construction projects, delays are often an inevitable reality. To shield themselves from financial liabilities arising out of project prolongations, employers – particularly government entities and public-sector undertakings (PSUs) – frequently incorporate standard ‘No Damage for Delay’ or ‘No Liability’ clauses. These clauses aim to restrict the contractor's remedy solely to an extension of time (EOT), barring any monetary claims for extra overheads, idling costs or lost profits.Origin and relevanceUnderstanding the nature, enforceability and judi..
We must become equally good at making cities liveable
India’s cities are growing rapidly but the focus must now shift from building more to creating better places to live. Suresh Babu, Organising Secretary, National Convention of Architectural Engineers, discusses the need for integrated, inclusive and people-centric urban development, and the role of technology and architectural engineering in shaping future cities.What is the central idea behind the convention?India aspires to become a developed nation by 2047 and cities will be central to that transformation. But development cannot be measured only by taller buildings, wider roads or larger ..
Insurance is not a cost; it is protection for the balance sheet
As infrastructure projects grow larger and more complex, their risk profiles are evolving beyond physical damage. Underinsurance, business interruption, supply-chain disruptions, climate volatility, surety and transactional exposures can all have significant financial consequences. Mohan Agrawal, Director and Business Lead - Construction, Infra & Warehousing, EDME Insurance Brokers, discusses these emerging risks and the gaps in conventional insurance practices in a conversation with KAVITA PARAB, CW. He explains why infrastructure players need to view insurance not merely as a cost, but a..
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