(Source: Eversheds LLP) Construction and engineering - International 12-11-2015 Introduction For parties entering into construction contracts in the UK and other common law jurisdictions, the ability to agree upon the proper allocation of risks is a much valued negotiating tool. Liability for a vast range of potential future losses can be provided for in the contractual documents, often by reference to fault principles and industry benchmarked standards of skill and care. Parties can take comfort from being able to back off many risks they might accept against insurance policies. However, some contractors and consultants who are active in the Middle East and other jurisdictions may lack a...
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