Accession Number : ADA311857
Title : Allocation of Risk Through Construction Contract Provisions and Practice.
Descriptive Note : Master's thesis,
Corporate Author : WASHINGTON UNIV ST LOUIS MO DEPT OF CIVIL ENGINEERING
Personal Author(s) : McClelland, Troy M.
PDF Url : ADA311857
Report Date : 18 JUL 1996
Pagination or Media Count : 138
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.
Descriptors : *RISK, *CONTRACT ADMINISTRATION, *ALLOCATIONS, CONTRACTS, CONTRACTORS, CONSTRUCTION.
Subject Categories : Administration and Management
Distribution Statement : APPROVED FOR PUBLIC RELEASE