How to proceed:

• Identify risks associated with forming contracts.
• Identify formation issues specific to construction business, especially regarding their typical customers.
• Identify specific clauses in contracts which influence the relationship between the parties and how they assist in managing risk.
• Develop strategies to mitigate legal risk

Instructions

• Identify at least 3 different contracts used in construction business.
• Identify two current issues relating to construction business that arise from contract formation.
• Identify two current issues relating to your construction that may arise from specific clauses in a contract.
• Complete the Risk Severity matrix.
• Complete the Risk Response Plan. This should respond to all issues raised above and contain a detailed plan for ensuring contracts are entered into correctly.
• You may wish to provide a summary of or link to recent new stories or articles showing legal issues applying to construction industry.