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Appendix: Draft risk allocation schedule

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Guide to use

Appendix: Draft risk allocation schedule

 

Column 1 contains a description of the risk. To the extent that there is any disagreement on whether the relevant risk has occurred, that will be resolved in accordance with Dispute Resolution Procedure.

Column 2 shows the amount (if any) Included in the Target Cost/Contract Sum (whichever is applicable) relating to the relevant risk. If this amount is spent in full by the Supplier in meeting the risk, the extent to which the Purchaser is liable to contribute to any additional costs incurred by the Supplier in meeting the risk is shown in column 4. If all/or part of that amount is not spent, there will be no adjustment to the Target Cost or Contract Sum (unless otherwise agreed in the Contract).

Column 3 shows the period of time (if any) resulting from the occurrence of the relevant risk for which the Supplier will be responsible.

Column 4 shows the allocation of responsibility for the actual cost incurred by the Supplier in relation to the risk as between Purchaser and Supplier after the amount (if any) in Column 3 has been expended.

Column 5 shows the allocation of responsibility for any time consequences in excess of the period (if any) shown in column 3 between Purchaser and Supplier. To the extent that the Purchaser is responsible, an appropriate extension of time will be granted to the Supplier provided that the delay will affect the relevant Date or Dates for Completion.

 

Column 1

Column 2

Column 3

Column 4

Column 5

Description of risk

Amount (if any) included in Target Costs/ Contract Sum to meet the risk

Time consequences of the occurrence of the risk (if any) for which the Supplier will be responsible

Allocation of costs incurred in excess of column 2 allowance

Allocation of time consequences of occurrence of the risk in excess of the period (if any) in column 3*

Purchaser %

Supplier %

Purchaser %

Supplier %

Supplier encounters adverse physical conditions at the Site (including sub-surface conditions and pollution/contamination) that a competent contractor could not reasonably have foreseen at the date of Contract.

           

Adverse weather conditions, being weather the severity of which, according to Meteorological Office statistics, occurs less frequently than once every [5] years which affect the performance of the Services.

           

A strike or go-slow that generally affects the construction or building maintenance industry (but excluding a strike or go-slow confined to the workforce of the Supplier or any sub-supplier).

           

Delay in obtaining any necessary approval from a statutory body that the Supplier could not reasonably foresee and has taken all reasonable steps to avoid.

           

The performance of work or services at the Site by a third party (including a contractor of the Purchaser or a statutory undertaker) that causes disruption to the Supplier that the Supplier cannot reasonably avoid.

           

Terrorism or the threat of terrorism (including the activity of concerned authorities in dealing with it).

           

Failure by a designer engaged by the Purchaser to provide drawings or information that the Supplier has requested in writing in good time (before the due date as shown in the Information Release Schedule, if any, included in the Contract).

           

A change of law or new law (including statutory instruments and regulations) which comes into effect after the date of the Contract, the text of which had not been published before then which has an adverse effect on the performance of the Services.

           

The discovery of fossils or antiquities of historic or monetary value at the Site.

           

A failure or shortage of power, fuel or transport.

           

Fire, explosion, flood, earthquake, ionising radiation.

           

Riot or civil commotion.

           

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