Construction Risks and Liability Sharing

by
Construction Division Committees on Contract Administration and Tunneling and Undergroundd Construction, ASCE

American Society of Civil Engineers, New York, NY
978-0-87262-048-3 (ISBN-13) | 0-87262-048-4 (ISBN-10), 1979, Soft Cover, Pg. 427
2 vols
Conference information: ASCE Construction Div. Committee on Contract Administration and Tunneling and Underground Construction | Scottsdale, Arizona, United States | December 24-26, 1979

Out of Print: Not available at ASCE Bookstore.


Document Type: Book - Proceedings

Abstract:

Extensive litigation, large claims, construction conflicts and long delays have been increasing at an alarming rate during the past decade the trend is unmistakable and the dollar magnitude, work complexity and extended duration of performance of engineered construction, exacerbates the problem. All parties?? owners, designers, constractors, insurers, sureties?? are being hurt. The five discussion sessions of the construction Risks and Liability Sharing Conference address these issues. The first session covers the identification and nature of risks, including design risks, performance risks, political, and legal risks. Allocation of these risks is compared to the sharing of risks between some combination of owner, contractor, and designer. Contract types, contract terms, and contract management are considered as they apply to the possibility of making a better assignment of risks. Minimizing risks and mitigating loss and regulation by the federal government are addressed. A quantitative method for analyzing the allocation of risks in underground construction is proposed.

Subject Headings: Contracts and subcontracts | Construction management | Underground construction | Risk management | Owners | Liability | Federal government

 

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