Design professionals, including architects, engineers, design consultants and professionals who engage directly with the design-builder or contractor and provide services to the construction project design, need to be aware of the wide-ranging multitude of risk allocations and varying levels of exposure and potential liabilities embedded in the contracts and other legally binding documents they sign.
In “Risk Allocation Strategies for Design Professionals,” published by LexisNexis, Susan Eccles and Katelin Varnado discuss preliminary considerations, such as construction contracts; construction project structures and players; standard risk allocations and flow-down provisions; common risk-related disputes; insurance coverage requirements; and top 10 tips design professionals can employ when negotiating contract terms and proactive steps to take to avoid costly, litigation disputes.
Susan Eccles serves as Partner in Charge of the Adams and Reese Baton Rouge office, while maintaining a diverse legal practice centered on construction, state and federal procurement/government contracts, commercial litigation, and professional liability.
Katelin Varnado represents clients in construction disputes, property disputes, government relations matters, general liability, and commercial litigation. She also advises clients on contract interpretation and enforcement, business formation and corporate governance, and various labor and employment matters.
Click here to read the article (permission by LexisNexis)