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Risk Allocation in Lump-Sum Contracts—Concept of Latent Dispute
Publisher: American Society of Civil Engineers
Abstract: This paper presents findings of a pilot study and investigation into construction contracts. The investigation evaluated the effectiveness of written contract language to communicate risk apportionment between contracting ...
Effective Wording to Improve Risk Allocation in Lump Sum Contracts
Publisher: American Society of Civil Engineers
Abstract: This is the second paper addressing the results of an investigation into the subjective nature of contract interpretation. The first paper presented the findings of the investigation which showed how contracting parties ...
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