Risk requires close control
Language: English Series: Construction News ; (6978) 3 August 2006, 22(1)Publication details: 2006Subject(s): Summary: Discusses the management of risk in construction contracts. The general rule is that a court will interprete a contract strictly in accordance with its written terms; therefore, it is important that all members of a project team understand their contractual obligations and not vary the prescribed procedures, as they may then find themselves assuming a greater degree of risk than originally intended.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L134496 (Browse shelf(Opens below)) | 1 | Available | 134496-1001 |
Discusses the management of risk in construction contracts. The general rule is that a court will interprete a contract strictly in accordance with its written terms; therefore, it is important that all members of a project team understand their contractual obligations and not vary the prescribed procedures, as they may then find themselves assuming a greater degree of risk than originally intended.