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Contracting to Appropriately Allocate Risk

Publication No
RR210-11
Type
Academic Document
Publication Date
Aug 01, 2007
Pages
613
Research Team
RT-210
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DOCUMENT DETAILS
Abstract
Filters & Tags
Abstract
Many industry participants allocate construction risks, unfortunately, by the process of aversion. Owners have a tendency to shift risk to the primary contractor, who in turn pushes risk to the lower-tier parties in the contracting arrangement. As a c
Filters & Tags
Knowledge Area
Procurement & Contracts, Risk Management
Project Phase
Detailed Design (Engineering), Procurement, Construction
Project Function
Project Business Sponsor, Project Management, Architects & Engineering, Procurement & Contracts, Risk Management, Business Development & Proposals, SBU/Corporate Functions
Industry Group
Light Industrial, Heavy Industrial, Buildings, Infrastructure
Research Topic
Contracting to Appropriately Allocate Risk
Keywords
Risk Allocartion, Risk Assessment, Risk Analysis, Legal Principles, Hot Button Risks, Legal Perspectives, Two Party Risk Assessment, Indemnity, Insurance, Consequential Damages, No Damages for Delay, Contract Language, rt210

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