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Equitable Risk Allocation

Event Date

Apr 01, 2008

Type

Workshop Presentation

Research Team

RT-210

Slides

Topic

Contracting to Appropriately Allocate Risk

DOCUMENT DETAILS

Abstract

Filters & Tags

Abstract

Many industry participants allocate construction risks 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 consequence, parties

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