Alabama Power Co. is planning to carry out the Warrior River hydroelectric project, which involves the construction of a raw-water intake facility to withdraw up to 3.8 million gallons a day.
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.