Risks in Construction Contracts: Unforeseen or Unforeseeable? – The Canadian Institute
Partner Michael Swartz joins The Canadian Institute on July 16, 2020, for part of its virtual conference on managing risks in construction contracts and projects.
Whether a risk is unforeseen or unforeseeable is not always a conscious and intentional distinction that parties to construction contracts make. Shifting course due to unforeseeable circumstances may constitute a legitimate change of scope, but failing to foresee events that ought to be reasonably anticipated constitutes a change of plans that confronts you with financial loss or liability.
- How to distinguish between the two types of risk
- What kinds of risks tend to be overlooked at the contract negotiation stage
- Maximizing your awareness and preparedness for any potential setbacks over the course of your project’s execution