- Author
-
Ashley, D. B.
|
Dunlop, J. R.
|
Parker, M. M.
- Title
- Impact of Risk Allocation and Equity in Construction Contracts.
- Coporate
- University of Texas, Austin
- Report
-
Source Document 44; Safety Task Force 83-5
Marcy 1989
453 p.
- Keywords
-
construction
|
methodology
|
data analysis
|
risks
- Identifiers
- construction contracts; indemnification; consequential damages; differing conditions; delay
- Abstract
- The Construction Industry Institute (CII) Contracts Task force engaged in this research with the principal objective - "to improve project cost effectiveness and participant relationships through a study of risk allocation in certain contract clauses." After further thought and examination, the Contracts Task Force narrowed the focus of the risk allocation study down to indemnity, consequential damage, differing conditions and delay clauses utilized in lump sum contracts.