• Identify risks associated with contracts and the ways contracts are used to reduce risk.
• Identify key contracts typical in your business
• Develop strategies to mitigate legal risk

Instructions

• Identify at least 3 different contracts used in construction industry.
• Identify two current issues relating to construction business that arise from contracts.
• Complete the Risk Severity matrix.
• Complete the Risk Response Plan. This should respond to all issues raised above and contain a detailed plan for monitoring the relationships in construction business and where appropriate a plan for influencing and responding to these changes.
• You may wish to provide a summary of or link to recent new stories or articles showing legal issues applying to construction industry.