Construction contracts do not only allocate risk. They also determine how that risk is priced, managed, and ultimately preserved as a claim.

In the second article of our Contract Management series, "Construction Contracts, Risk Pricing, and Claim Management: From Drafting to Entitlement Preservation", we examine how drafting choices, risk allocation, and day-to-day contract administration interact in practice.

The key point is simple: a party may have a strong entitlement on the merits, but still lose it if it fails to issue timely notices, keep proper records, or follow the contractual claims procedure. In construction contracts, claims are often lost because risks were poorly priced, misunderstood, or inadequately managed during performance.

Our objective is to provide practical insights into how parties can better anticipate, price, and manage risk throughout the life of a construction project.

Read the second article of the serie below!