IBA Annual Conference Miami 2022
30 Oct - 4 Nov 2022
Rooms 230-231, Level 2
Session information
Riding a slippery slope: the balancing act of risk allocation in major construction and infrastructure projects
Wednesday 2 November (0930 - 1230)
Committee(s)
International Construction Projects Committee
(Lead)
Description
The range of risks in major projects is broad and risk allocation is a key factor which will impact on the delivery of projects. This session will consider risk allocation in areas such as ground risk, unforeseen events (such as a pandemic), environmental issues and pricing risk. It will consider aspects such as; do fixed price contracts deliver certainty on price or do they inevitably lead to project failure? Impact of risk allocation on the ability to fund, impact of onerous risk pass-down on the procurement, does it restrict the pool of contractors willing to deliver the project, does it simply lead to increased costs? Are there unintended consequences of overly-onerous risk allocation?
Session / Workshop Chair(s)
R Bruce Reynolds | Singleton Urquhart Reynolds Vogel, Toronto, Ontario, Canada |
Speakers
Julio Cesar Bueno | Pinheiro Neto Advogados, São Paulo, Brazil; Vice Chair, International Construction Projects Committee |
Roberta Downey | Vinson & Elkins LLP, London, England; Co-Chair, Project Establishment Subcommittee |
Rory Kirrane SC | Mason Hayes & Curran, Dublin, Ireland |
Richard Shaban | Borden Ladner Gervais, Toronto, Ontario, Canada |
Professor Janet Walker CM | Osgoode Hall Law School, Toronto, Ontario, Canada; Vice Chair, Dispute Resolution Subcommittee |