ABSTRACT
This chapter adds some key points covered to ensure that the student has an appreciation of some of the finer and more complicated nuances of construction contract law. It considers some of the particular features of construction contracts required to achieve contractual certainty and process. The NEC contract views the conditions and completed contract data as the most important document in resolving any ambiguity or inconsistency. Insurance is a contract in which the insured pays a premium to the insurer in return for financial compensation if a specified event occurs. Abrahamson's risk principles established that the availability of insurance was a key consideration in allocating risk between the parties. Defective work is a frequent occurrence in both residential and commercial construction projects. The role of a construction contract is to attempt to cover all the possible eventualities that arise on a project in sufficient detail to achieve the required level of certainty.
