AIA/Consensus Forms vs. State-Promulgated Contracts in Maryland: Understanding Risk Allocation
Introduction to Risk Allocation in Construction Contracts Risk allocation is a fundamental aspect of construction contracts, serving as a mechanism for distributing uncertainties and potential liabilities among the parties involved. In construction projects, various unforeseen events may arise, including design errors, project delays, and unforeseen site conditions. Effectively managing these risks is crucial, as it … Read more