The OP mentioned water which makes me wonder if it is a Fan Coil Unit instead,
Agreed. The following is a widely practiced installation method for FCU's;
1) Mechanical contractor shall install FCU with a maximum of 4 inches between control box cover and adjecent ductwork, fire partitions, fire sprinkler piping, ect.
2) Electrical contractor shall install conduit(s) so at least one shut-off valve can only be opened ? way.
3) Electrical contractor shall install disconnect switch just out of reach.
4) Ceiling contractor shall install drop ceiling in a manner where as at least 1 ceiling tile will be damaged or destroyed trying to access FCU.
5) Mechanical contractor shall leave control enclosure cover on adjacent ceiling tile after start-up, cover screws shall be discarded.