+1-415-670-9189
info@expertsmind.com
Risk allocation in construction contract
Course:- Other Management
Length: 19
Reference No.:- EM13153




Assignment Help
Assignment Help >> Other Management

The paper discusses different types of risks availed by different parties so that raw data for proper risk allocation can be collected. Next section of the paper elaborates risk assessments and evaluation processes which are quite essential for the project manager to carry out as it help in prioritizing of different types of risks before allocating them.

The paper contains the discussion under following heads:-

1.      Executive Summary

2.      Introduction to the Subject

3.      Paper at a Glance

4.      Construction Contracts

5.      Parties Involved

6.      Types of Risks in the Construction Contract availed by Parties involved

7.      Allocation of Risk in Construction Contract

8.      Risk Allocation in Construction Contract by Disclaimer Clauses

9.      Role of external parties involved in construction contract for diversification of risk

10.    Role of internal parties involved in  construction contract for diversification of risk

11.    Conclusion

12.    Recommendations

13.    References

In a contract, allocation of risk in a contract is done on the basis of frequency of the occurrence of risk in a project and severity of the impact of the risk over the project. For the purpose of allocating risk in a project, there is a need of including a disclaimer within the construction contract which is designed for the purpose of shifting risk from one party to another in the legal manner.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Other Management) Materials
Discuss some of the differences and relationships between behaviourism and organizational psychology. Why do you think Organizational Behaviour has tried to accommodate both
List the three steps that make up the general approach to capital budgeting. Define an "Incremental cash flow" as the term is used in capital budgeting
In Erikus County, the Parks and Recreation Department constructed a library in one of the county's high growth areas. The construction was funded by a number of sources.
Some organisations have reported that the implementation of TQM has not produced the desired results' You are required to identify and comment on the causes of such poor per
The ABC Co. is considering a new consumer product. They believe there is a probability of 0.4 that the XYZ Co. will come out with a competitive product.
A customer waiting in line is potentially a lost customer. Choose a service organisation of your choice, suggest and explain the strategies that operations managers could us
Currency option, Forward Contract, Hedging, Order Expeditin, Supply chain risk,  risk management process
Discuss three issues that can determine high performance when outsourcing a project. Discuss ways that these issues can be reduced or eliminated ahead of time or during the