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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. Fully understanding and properly negotiating your contract terms will position you and your project management team for success.

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Working to Reduce Risk in Your Company

Construction Business Owner

According to industry experts at risk management and commercial insurance brokerage firm Cavignac & Associates, in 2017, most business owners will be able to negotiate flat rates and some businesses may even see rate reductions.

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Why You Should Read Indemnity Provisions in Contract Negotiations

Construction Business Owner

Indemnity provisions are a powerful risk-shifting tool that often go overlooked during contract negotiations. 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.

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Working to Reduce the Risk

Construction Business Owner

According to industry experts at risk management and commercial insurance brokerage firm Cavignac & Associates, in 2017, most business owners will be able to negotiate flat rates and some businesses may even see rate reductions.

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Not Just An Old Wives’ Tale: Negotiating “Paid In Full” Check Binds Contractor

Best Practices Construction Law

Depending on your state’s law, if you negotiate a check that is marked “paid in full” or even “final payment” then you are risking the fact that you may be settling any claims you have. In Triangle Construction , the court held that the contractor’s claims against the engineer were barred by the doctrine of accord and satisfaction.

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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. It is poor risk management, unsuited to the increasingly sophisticated commercial world that contractors have to inhabit.

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