High Guarantee Performances for major Projects - Safety at any Price?

摘要

Subsequently Michel Buro, the president of the Infra Association emphasised that SIA Standard 118 represents a good balance between the interests of clients and contractors and drew the conclusion from the papers delivered at the conference that:rn1. The technical and financial risks must be clarified and assessed prior to the tendering stage indeed before each call for a guarantee.rn2. Risks can never be entirely precluded although they can be assessed; risk management must be intensified both in the project itself as well as during the execution and windup phases.