Anticipating Disputes Between Property Owners and Builders and Risk Mitigation Techniques Sample Clauses

Anticipating Disputes Between Property Owners and Builders and Risk Mitigation Techniques. The construction contract is the vehicle for allocating risks between the property owner and the builder. The construction contract documents should be drafted in a way that anticipates disputes between the owner and the contractor and establishes how this risk will be managed. Risks can be managed or mitigated by (i) shifting responsibility from one party to another or to a third party, (ii) procuring insurance, bonds or another form of protection from a third party or
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