Construction Contract Administration
In recent years, design professionals have had their roles during the construction phase limited severely by cost-conscious clients looking to save money on projects. From a risk management perspective, design professionals are uniquely qualified to provide services during the construction phase so that the likelihood of project success is enhanced. The ability to observe and evaluate the contractor’s work enables the design professional to serve the client’s needs, while at the same time keeping current on the latest construction practices in the marketplace. As long as design professionals devote sufficient resources to the construction contract administration phase and diligently carry out their contractual responsibilities, it appears that the risks during this phase can be successfully managed. We have recently updated our construction contract administration phase claims study with some interesting case studies (access limjted to policyholders and brokers only).