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Construction Risks: Identifying, Managing and Mitigating

Construction risks : identifying , Managing and MitigatingJon Alvarez, AIAF rances M. GastDavid Pieterse, Esq. Top 10 Legal Issues in Construction ContractingThe Construction Contract Three Legged Stool 1. Scope 2. Price 3. TimeConstruction Issues(Contract Issues) Timing and Bargaining Leverage Unforeseen Conditions Who Bears the Risk? Force Majeure Events Contractor s Warranty Contractor s Review of Plans, Specifications and the Project Site Termination for ConvenienceConstruction Issues(Contract Issues) Treatment of Damages Liquidated Damages Mutual Waiver of Consequential Damages Delay Damages Termination for Convenience Dispute Resolution Long Lead Items and your Contractor s Request for Indemnification Ownership of the Project Plans and Specifications (Architect) Construction Risk: identifying , Mana

Managing Risk 4. Rising Cost of Construction 5. Environmental Matters 6. Availability of Qualified Vendors ... Risks are uncertainties, liabilities, or vulnerabilities, which may cause a ... A skunk works is a group of people who, in order to achieve unusual results, work on a project in a way that is outside the usual rules.

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