The four criteria of risk allocation in construction contracts
Language: English Series: International Construction Law Review ; 26 (1) January 2009, 4-22 (19)Publication details: 2009Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L146544 (Browse shelf(Opens below)) | 1 | Available | 146544-1001 |
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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.