Identify the Problem
A Thorough Review of Legalese
As construction contracting has become more complex, agreements require a more extensive review of interrelated terms and conditions and an understanding of the language. Key areas of risk in a contract include indemnity, insurance, limitation of liability for performance, schedule/delay, differing site conditions, hazardous material, owner changes, design responsibility, warranty, force majeure, payment, substantial completion, contingency, default/termination and means of dispute resolution.
Risk managers are often trained to simply review “insurance language”. While assessing individual insurance clauses is important, a comprehensive knowledge of all terms and conditions within a construction contract is of even greater importance. Since all of Druml Group’s risk transfer personnel have specific experience in the construction industry we have a clear understanding of the language in contracts and your particular exposures. Consider us your source for interpretation and explanation. We would be happy to save you the legal fees. Call us today! |