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Risk Assessment and Risk Allocation -
Presenters:
Warren Hutchison, Donovan Hatem, LLP, Boston, Massachusetts
Ronald Leaders, Esq., Buckley & Leaders, Vashon, Washington

Warren Hutchison concentrates his practice in the defense of individual professionals and professional corporations, including architects, engineers, surveyors, accountants, investment advisors and real estate brokers in commercial disputes, securities, lender liability, environmental liability matters. Mr. Hutchison also counsels clients on risk management, contract and procurement issues.

Ronald Leaders, Principal in Buckley & Leaders, Mr. Leaders received a B.S. in Chemical Engineering and M.S. in Metallurgy from Georgia Tech and a J.D. from the University of San Francisco.

Mr. Leaders is a frequent speaker on project delivery systems and contracts, international arbitrator (American Arbitration Association and Chartered Institute of Arbitrators), and certified corporate trainer of negotiations (Harvard Project on Negotiation). His practice emphasizes the use of innovative contracts and dispute avoidance/resolution techniques, encouraging clients to use equitable project risk allocation, contract documentation and contract administration to achieve more successful projects.

Learn how to use project roles and responsibilities to create a framework to solve tough indemnity and limitation of liability issues. This web-case provides a detailed tool that can be implemented into your contract scoping, pricing and negotiation practices.

Learning Objectives:

1. Illustrate how a risk allocation program can be implemented with a client in order to more clearly assess and allocate responsibilities and risks in the construction contract resulting in reduced project pricing contingencies ~ including project costs.

2. Demonstrate how overlapping or ambiguous responsibilities are a major source of risk and should be eliminated in order to reduce risk for all parties to a project.

3. Demonstrate how risk allocation discussions can be integrated into scope definitions, in order to manage client expectations and reduce unintended risk exposures.

4. Illustrate what professional liability insurers look for in reviewing an insured's risk assessment and risk allocation program.

 

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