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The Lowdown on Significant Risk-Allocation Clauses (Part 1 of 2)

Construction Business Owner

The Lowdown on Significant Risk-Allocation Clauses (Part 1 of 2) ccapoccia Wed, 01/10/2024 - 15:50 Recognition and allocation of risk should be major concerns for all parties in a construction project. Allocating unavoidable risks between the parties is a major function of construction-related contracts.

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Managing Risk Starts with Contract Negotiations

Construction Business Owner

Success on a project is often dependent upon risk management, and managing that risk starts with contract negotiation. Contractors must recognize the implications of the contract provisions and review standard forms with a critical eye.

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Why You Should Read Indemnity Provisions in Contract Negotiations

Construction Business Owner

In the typical construction contract, the least understood provisions are often those that require the contractor to indemnify the owner for losses or damages arising under the contract. Indemnity provisions are a powerful risk-shifting tool that often go overlooked during contract negotiations.

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Contracts need risk management

Construction Law

More than ever, a watchful eye will have to be kept on programmes; just as over-optimistic schedules will risk big problems somewhere along the critical path. More than a few contractors we have spoken to over the years have prided themselves for leaving contracts ‘unused’ and ‘in a drawer’. Nick Barrett.

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Test the Bounds of Job Order Contracting?

Job Order Contracting

California Contractor Tests the Bounds of Job Order Contracting. There’s one project delivery method you may not be as familiar with though: Job Order Contracting, also known by its acronym JOC. JOC contracts are administered by public entities issuing a request for proposals. Think periodic maintenance of facilities.

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OpenJOC LEAN Job Order Contracting (TM)

Job Order Contracting

What is OpenJOC LEAN Job Order Contracting? OpenJOC LEAN Job Order Contracting provides the following benefits: Best value procurement and delivery of “turnkey” projects. Risk mitigation. The post OpenJOC LEAN Job Order Contracting (TM) appeared first on 4BT. Reduced project delivery times. Financial transparency.

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Digital Builder Podcast Ep 22: How Specialty Contractors Can Navigate Contracts & Get Paid On Time

Autodesk Construction Cloud

In a perfect world, a contract should include a clear set of instructions that conveys well-defined expectations to all parties concerned. This episode of Autodesk’s Digital Builder podcast addresses the most common challenges with contracts and how simple adjustments can ensure you fully understand what you’re signing.