16 Mar A major component and goal of construction contra
A major component and goal of construction contracts is to minimize the risks on a construction project. For this assignment, identify a minimum of 10 risk items in the construction industry and either:
- Identify a clause covered in class that minimizes this risk, or
- Suggest a clause that can be written in the contract to minimize the risk.
Construction Contracts and Law
Assignment 4: Clauses to Limit Risks in Construction Contracts
Name________________________________________ Date_____________
|
# |
RISK |
CLAUSE |
|
A |
Time overruns |
‘Time is of the essence’ clause |
|
B |
Jobsite safety (worker) |
Write a clause stating that “a safety plan must be submitted and approved by owner/owner representative prior to commencement of the work.” |
|
1 |
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2 |
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3 |
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4 |
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5 |
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6 |
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7 |
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8 |
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9 |
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|
10 |
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