Is risk allocation fairly balanced in construction contracts?
Tuesday 26 September 2023
Construction projects are complex endeavors that involve various risks. To mitigate these risks, construction contracts play a crucial role in allocating responsibilities and liabilities among project stakeholders. Effectively managing risk allocation in construction contracts is essential to ensure the successful execution of projects while maintaining a fair and balanced distribution of risk. This article aims to explore the key principles and strategies of risk allocation in construction contracts. Understanding Risk Allocation:…
Justin Storm, Commercial Risk Manager, Naylor Love
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