This presentation provides an overview of the Differing Site Conditions clause, one of the oldest clauses used in construction contracts, which is generally accepted as transferring the risk of latent site conditions to the owner, thus enticing contractors to reduce their contingency cost at the time of bid. As this webinar explains, the promise of the clause is that if the contractor encounters a "materially different" condition during the execution of the work, the owner will compensate the contractor for the resulting cost and/or time, but courts and boards of contract appeals have been slowly changing the interpretation of risk allocation under the clause.
Duration: 1 hour | PDHs: 1 | Subscription: Members Only
Presented by: Jim Zack, CCM, FRICS, PMP