Conversely, some contractors who traditionally assume certain risks are now trying to get owners to relieve them of their responsibilities of these risks even though the contractor has built contingencies for them into the contract price. It is not the intention of this booklet to take the place of an attorney or offer legal advice . . . It is the intention of this booklet to point out some of those areas of risk that are often ambiguous that may be better defined and assigned, so that owners and contractors can make reasoned financial decisions regarding their allocation of these risks prior to these times becoming points of dispute. Legally, each party may be perfectly within its rights to try and persuade the other party to agree to terms and conditions which are seemingly in its best interests. The key to harmonious relations on the job site is to assure that each party involved with the project feels the contract is a fair and equitable aggreement.
Risk is an integral part of the construction process . .
This booklet has been prepared for building owners, contractors and subcontractors to help each consider the risks . . . If this can be accomplished, the contractor and owner can truly become partners in the successful completion of the project. Real construction cost savings, economical problem solving and productive acceleration of job site work are really the result of people working together under a fair and equitable aggreement. By all means - if an owner wants to get the best possible contractor available at any given in time. A good and reputable general contracting firm will assume reasonable risks.