Some clients have been asking contractors to take on unnecessary risks without providing a significant reward for the risks taken. However, during these economically challenged times, I believe it is in the best interest of the construction industry to stand up for itself and refuse to sign contracts that assign risk without any benefits.
Life is full of uncertainties, and we readily take on risk every day the for benefits we receive. For example, driving a car is very risky, and every year more than 40,000 people are killed in car accidents—that’s one person every 13 minutes. Nevertheless, we choose to drive.