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Risk in Underground Construction
Underground construction projects differ from other construction types and are project‐specific due to the environments in which the construction takes place. A Code of Practice for Risk Management of Tunnel Works, prepared by the International Tunneling Insurance Group in January 2006. The codes cover all phases of underground construction efforts, that is, the preparations, engineering, project allocation, and implementation. Underground construction contracts anticipate a higher level of risk, which can never be fully eliminated. The largest underground construction works are usually tunnels. Underground construction risk tends to be allocated to contracting parties through standard forms of contract. The risks in connection with unforeseeable ground conditions are usually borne by the employer and the technology‐related risks by the contractor. In international construction projects, FIDIC has laid down a standard for dealing with unforeseeability in contracts. Site data are vital for the selection of technical solutions and methods of construction in case of the design‐build (DB) projects.
Risk in Underground Construction
Underground construction projects differ from other construction types and are project‐specific due to the environments in which the construction takes place. A Code of Practice for Risk Management of Tunnel Works, prepared by the International Tunneling Insurance Group in January 2006. The codes cover all phases of underground construction efforts, that is, the preparations, engineering, project allocation, and implementation. Underground construction contracts anticipate a higher level of risk, which can never be fully eliminated. The largest underground construction works are usually tunnels. Underground construction risk tends to be allocated to contracting parties through standard forms of contract. The risks in connection with unforeseeable ground conditions are usually borne by the employer and the technology‐related risks by the contractor. In international construction projects, FIDIC has laid down a standard for dealing with unforeseeability in contracts. Site data are vital for the selection of technical solutions and methods of construction in case of the design‐build (DB) projects.
Risk in Underground Construction
International Construction Contract Law ; 664-702
2018-09-17
39 pages
Article/Chapter (Book)
Electronic Resource
English
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