COLLABORATIVE RISK ALLOCATION Clause Samples

COLLABORATIVE RISK ALLOCATION. 3.8.1 INTENT The purpose of the Collaborative Project Delivery approach, established by this tri-party relational contract, is to minimize the risk of delay, conflict and increased cost typically experienced by project participants in non-integrated project delivery. By committing to collaborative principles, the Parties affirm their commitment to endeavor to reduce overall risk to the Project and to each participant.