oa Civil Engineering = Siviele Ingenieurswese - Contractual risks in the documentation of construction contracts
|Article Title||Contractual risks in the documentation of construction contracts|
|© Publisher:||South African Institution Of Civil Engineering (SAICE)|
|Journal||Civil Engineering = Siviele Ingenieurswese|
|Publication Date||Nov 1988|
|Pages||565 - 568|
|Keyword(s)||Communication, Construction contract, Contractual risk, Documentation and Penalties|
The paper draws attention to the fact that apart from the risks on construction contracts that arise from natural causes and changed requirements, both parties are exposed to risks that arise from unclear documentation, poor understanding of the documents and a lack of communication. These risks in relation to documentation arise from differing interpretations and misunderstandings that lead to conflict: once conflict has arisen the parties are exposed to the risk of extra payment or losses. The paper attempts to highlight some of the particular clauses and aspects of the documentation that can give rise to conflict and suggests some measures by which the exposure to such risks may be reduced.
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