The four criteria of risk allocation in construction contracts
Bunni, Nael G.
The four criteria of risk allocation in construction contracts - 2009 - International Construction Law Review 26 (1) January 2009, 4-22 (19) .
Discusses the topic of risk and the legal rules of risk allocation in construction contracts. Examines four principles for risk allocations: the party who can best control the risk and/or its associated consequences; the party who can best foresee the risk; the party who can best bear that risk; and finally the party who ultimately most benefits or suffers when the risk eventuates.
LAW
United Kingdom--
The four criteria of risk allocation in construction contracts - 2009 - International Construction Law Review 26 (1) January 2009, 4-22 (19) .
Discusses the topic of risk and the legal rules of risk allocation in construction contracts. Examines four principles for risk allocations: the party who can best control the risk and/or its associated consequences; the party who can best foresee the risk; the party who can best bear that risk; and finally the party who ultimately most benefits or suffers when the risk eventuates.
LAW
United Kingdom--