Identifying and assessing risk in construction contracts
- Informative Guidance
- Revision 2.1 - June 2024
This document discusses the identification and assessment of risks in construction contracts, particularly in the marine contracting industry, and provides guidance on how to manage such risks effectively.
Contents
Introduction
This Document
Risk
Contracting
Profitability
Risk Management
Where Does Control of Risk Lie?
Risk Identification
Target Audience for This Document
Main Risk Areas
Contractual Risks
Appendix 1 - Risk Aras
Appendix 2 - IMCA competition law compliance policy
Revision
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Rev. 2.1 - June 2024Page 2, template and bookmarking updated; no change to content
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Rev. 2 - March 2017To include new definitions for gross negligence, wilful misconduct and senior supervisory personnel, and to add a revised anti-corruption clause
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Rev. 1 - December 2015To include the updated IMCA competition law compliance policy
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Rev. 0 - July 2006Initial publication