Identifying and assessing risk in construction contracts

Version history

June 2024 Rev. 2.1 – Page 2, template and bookmarking updated; no change to content

March 2017 Rev. 2 – To include new definitions for gross negligence, wilful misconduct and senior supervisory personnel, and to add a revised anti-corruption clause

December 2015 Rev. 1 – To include the updated IMCA competition law compliance policy

July 2006 – Initial publication

Summary

The handling of risk in construction contracts can vary considerably depending on the nature of the work, the operator and contractor involved, the prevailing contracting climate and a variety of external factors.

This IMCA discussion document aims to promote dialogue by addressing specific risks in seven specific areas.

Contents

• Introduction
• This document
• Contractual risks
• Appendix 1 – Risk areas
• Appendix 2 – IMCA competition law compliance policy