The employer's risk?
Authors
Citation
Building journal Hong Kong China, Jun, 2003, pp. 66-67
Abstract
Construction is a risky business. There has been a trend in construction contracts over the last few years to burden the Contractor with more of the risk. These days one sees terms in contracts making the Contractor responsible for such varied risks as ground conditions, the quantities and descriptions in the Bills of Quantities, and even the Architect's design!
However, throughout the history of construction, the Contractor has normally carried the risk of completing the works on time. This is one of the factors that makes liquidated damages a common feature of construction contracts.
Description
Subject
Type
Article
Format
Date
2003
Language
en