Construction Risks and Liability Sharingby
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
See all papers/chapter
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: Risk management | Contracts | Underground construction | Owners | Liability | Federal government | Construction methods
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