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Risk Allocation Under The Principal ‘Traditional’ Irish Forms Of Building Contract, Tony Cunningham
Risk Allocation Under The Principal ‘Traditional’ Irish Forms Of Building Contract, Tony Cunningham
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Construction projects are risky ventures. Risks are inevitable and cannot be entirely eliminated but they can be transferred through appropriate wording in the clauses of a contract. Construction contracts allocate particular risks between the parties in order to identify who bears the cost if a particular risk comes to pass.
This study examines how contractual risks are allocated to the contracting parties under the Royal Institute of Architects in Ireland Form, 2012 version, where quantities form part of the contract, commonly known as ‘the Yellow Form’, and the Public Works Contract PW CF1 Form v 1.10, 2014 where the design …