A major component and goal of construction contracts is to minimize the risks on a construction project. For this assignment, identify a minimum of 10 risk items in the construction industry and either:
Identify a clause covered in class that minimizes this risk, or
Suggest a clause that can be written in the contract to minimize the risk.
Construction Contracts and Law
Assignment 4: Clauses to Limit Risks in Construction Contracts
Name________________________________________ Date_____________
#
RISK
CLAUSE
A
Time overruns
‘Time is of the essence’ clause
B
Jobsite safety (worker)
Write a clause stating that “a safety plan must be submitted and approved by owner/owner representative prior to commencement of the work.”
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