Allocation of Risk Through Construction Contract Provisions and Practice.

Abstract

General conditions used by forty-four owners when contracting for construction services were obtained and studied for risk allocation techniques. Additionally, interviews were conducted with twenty-five construction professionals to study how risk is allocated during actual project completion. The study provides a broad view of risk allocation techniques used in specific clauses and of risk allocation in actual practice. The study does not profile the prevalence of risk allocation between contractor and owner, rather, the sole purpose of the study is to identify common contract provisions where risk allocation varies and actual practices that place varying amounts of risk on contractors.

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Document Details

Document Type
Technical Report
Publication Date
Jul 18, 1996
Accession Number
ADA311857

Entities

People

  • Troy M. Mcclelland

Organizations

  • University of Washington

Tags

Communities of Interest

  • Human Systems
  • Weapons Technologies

DTIC Thesaurus Topics

  • Accuracy
  • Business Administration
  • Civil Engineering
  • Construction
  • Construction Equipment
  • Contract Administration
  • Contractors
  • Contracts
  • Design Criteria
  • Engineering
  • Engineers
  • Law
  • Management Personnel
  • Measurement
  • Procurement
  • Risk Management
  • Systems Engineering

Readers

  • Aviation Safety Risk Assessment.
  • Government Contracting/Procurement.
  • Team-Based Human-Centered Cognitive Task Decision Making and Information Performance.