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)
### Briefing Data center tenants are now demanding $5 million or more per day in late-delivery fees, up from $1 million this spring, leading to a new "delay-in-delivery" coverage from brokers like Marsh. The spike in late-delivery fees reflects growing frustration among tenants who are facing extended delays in their services. This trend is prompting a shift in the market towards more stringent contracts and better communication between tenants and service providers.
Key points
### Briefing
Data center tenants are now demanding $5 million or more per day in late-de…: ### Briefing
Data center tenants are now demanding $5 million or more per day in late-delivery fees, up from $1 million this spring, leading to a new "delay-in-delivery" coverage from brokers like Marsh.
The spike in late-delivery fees reflects growing frustration among tenants who are facing…: The spike in late-delivery fees reflects growing frustration among tenants who are facing extended delays in their services.
This trend is prompting a shift in the market towards more stringent contracts and better…: This trend is prompting a shift in the market towards more stringent contracts and better communication between tenants and service providers.
Sources checked by our analysis pipeline: 1
Torsten Slok / Apollo Global Management: |
Mark Gurman / Bloomberg: |
Maria Curi / Axios: |
The Information: |
Carl Franzen / VentureBeat: |
Tom Matsuda / Financial Times: |
Hartley Charlton / MacRumors: |
Ann Davis Vaughan / The Information: |
Jay Peters / The Verge: |
Bloomberg: |
Wall Street Journal: |
Dana Goldstein / New York Times: |
Shimul Sood / Android Authority: |
Cailey Gleeson / Fierce Healthcare: |
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