Randa Adra, Joshua Lindsay, Edmund Northcott and Evelien Van Espen | Global Arbitration Review Introduction Construction contracts not only define project scope, price and timeline, but crucially allocate risks between parties. Effective risk allocation – covering issues like cost overruns, design errors, unforeseen conditions and delays – is essential for project success and dispute avoidance.… Continue reading Allocation of Risk in Construction Contracts
Tag: Risk Allocation
Indemnity: What You Don’t Know Can Hurt You!
Caitlin Kicklighter and Bill Shaughnessy | ConsensusDocs Risk allocation between the parties is a critical component of any construction contract. Indemnity obligations can be some of the important risk-shifting provisions of any design or construction contract. Indemnity provisions typically require one party, the Indemnitor, to agree to “hold harmless,” and/or reimburse another party, the indemnitee,… Continue reading Indemnity: What You Don’t Know Can Hurt You!