Post by @Techmeme@techhub.social

Data center tenants now demand $5M+ a day in late-delivery fees, up from $1M this spring, spawning new "delay-in-delivery" coverage from brokers like Marsh (Ann Davis Vaughan/The Information)

https://www.theinformation.com/articles/data-center-late-fees-hit-5-million-per-day-spawning-new-insurance
http://www.techmeme.com/261025/p10#a261025p10

Techmeme

Data center tenants now demand $5M+ a day in late-delivery fees, up from $1M this spring, spawning new “delay-in-delivery” coverage from brokers like Marsh

By Ann Davis Vaughan / The Information. View the full context on Techmeme.

The Information

Data Center Late Fees Hit $5 Million or More Per Day, Spawning New Insurance

This spring, Mike Mathews, who leads the global digital infrastructure practice at insurance broker Marsh, raced to design a policy to protect a data center developer from a $1 million-a-day late fee. The developer’s tenant was demanding damages if electricity and facilities weren’t available on ...

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Clayfoot

@clayfoot@mastodon.social 53 min. ago

@Techmeme about how well are all those data center projects doing?
https://savrn.com/data-center-delay-tracker

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