Risk Transfer Provisions: The Hidden Traps in Construction Agreements

Training Provided by Lorman Education Services 5 Risk Transfer Issues in Contracting - Tucked away in today s construction agreements is a number of risk shifting provisions. All too often, one or more parties in a construction project do not appreciate the significance of these provisions. These provisions can effectively transfer millions of dollars of risk, and the party accepting that risk must properly understand the implications of these provisions so that they can price their work appropriately and take steps to protect themselves from the risk. This teleconference will highlight the key risk shifting provisions and discuss how you should respond to these provisions.

Risk Transfer Provisions: The Hidden Traps in Construction Agreements I. Contract Clauses
A. Indemnity
B. Waiver of Consequential Damages
C. Limitations of Liability
II. Liquidated Damages
A. Insurance
B. Project Insurance
C. Additional Insurance Requirement
III. Project Delivery Methods
A. Design-Bid-Build
B. Design-Build
C. Construction Managers

About The Training Provider: Lorman Education Services

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