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In the box below the Question & Answers you can put some relevant comments that will be integrated in the report.

1. What is the type of Customer (Employer/Owner)?

2. What is the type of contract?

3. Prices are (firm vs escalation) ... ?

4. Payment terms are (Terms of Payment, Payment Security) ... ?

5. What are the conditions for starting work on Variation Orders (scope, prior agreement)?

6. What are the rules around bank guarantees (amount, rating clause)?

7. What risks are Customer's risk (Employer's risk/data/FM/Site Risks)?

8. Compensation received for (Claims/Extension of Time etc)

9. Subcontractor/Supplier selection freedom

10. Currency risk

11. Fiscal Risk (double taxation, transfer of title, payment of import taxes)

12. Taking-Over / Provisional Acceptance ("deemed taking-over")

13. Delay and Performance LDs (Liquidated Damages)

14. Limit of Liability (exceptions/"carve outs")

15. Special, indirect and consequential damages

16. Contractor's suspension rights

17. Contractor's termination rights

18. Customer's termination rights

19. Contract Law and Dispute Resolution

20. Warranty (period, "evergreen")

Thank you for completing TRaCRs. Click on the button here below to get your Contract Risk Score.



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