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Risk-Sharing Rule in Project Contracts
2006
Proceedings of the 23rd International Symposium on Automation and Robotics in Construction
unpublished
Preserved Fulltext
In this paper, the risk sharing rules are investigated to characterize the contractual structure of the project contracts. The authors exclusively focus upon the GCW and the FIDIC forms, which can be regarded as typical examples of incomplete contract forms. Risks involved in construction works are classified into exogenous and endogenous ones. The paper claims that clear differences in both contract forms in coping with endogenous risks can be found, while there are no essential differences in
doi:10.22260/isarc2006/0074
fatcat:k62cerf47fdjdk3wzlvuhbfbsi