The design of risk
Series: Building ; 265(8161) 10 November 2000, 69(1)Publication details: 2000Subject(s): Summary: The first in a series of PFI articles illustrates how contracts can offer protection against design disputes. Although design risk is generally passed by the SPV to the building contractor and designer, this liability only remains for up to 12 years, after which the SPV and facilities management subcontractor will bear the risk. Outlines how the PFI concession contract can incorporate acknowledgement from the procuring authority regarding specific terms. Discusses the further complications posed for the SPV by the obligation for reasonable skill and care, and suitability for purpose, which continues to apply once the construction is completed.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS63101 (Browse shelf(Opens below)) | 1 | Available | 109434-1001 |
The first in a series of PFI articles illustrates how contracts can offer protection against design disputes. Although design risk is generally passed by the SPV to the building contractor and designer, this liability only remains for up to 12 years, after which the SPV and facilities management subcontractor will bear the risk. Outlines how the PFI concession contract can incorporate acknowledgement from the procuring authority regarding specific terms. Discusses the further complications posed for the SPV by the obligation for reasonable skill and care, and suitability for purpose, which continues to apply once the construction is completed.