IBA Annual Conference Miami 2022

30 Oct - 4 Nov 2022

Rooms 230-231, Level 2

Session information

Riding a slippery slope: the balancing act of risk allocation in major construction and infrastructure projects
Rooms 230-231, Level 2
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International Construction Projects Committee (Lead)


The range of risks in major projects is broad and risk allocation is a key factor which will impact on the delivery of projects. This session will consider risk allocation in areas such as ground risk, unforeseen events (such as a pandemic), environmental issues and pricing risk. It will consider aspects such as; do fixed price contracts deliver certainty on price or do they inevitably lead to project failure? Impact of risk allocation on the ability to fund, impact of onerous risk pass-down on the procurement, does it restrict the pool of contractors willing to deliver the project, does it simply lead to increased costs? Are there unintended consequences of overly-onerous risk allocation?

Session / Workshop Chair(s)

R Bruce Reynolds Singleton Urquhart Reynolds Vogel, Toronto, Ontario, Canada


Julio Cesar Bueno Pinheiro Neto Advogados, São Paulo, Brazil; Vice Chair, International Construction Projects Committee
Roberta Downey Vinson & Elkins, London, England; Co-Chair, Project Establishment Subcommittee
Rory Kirrane SC Mason Hayes & Curran, Dublin, Ireland
Richard Shaban Borden Ladner Gervais, Toronto, Ontario, Canada
Professor Janet Walker CM Toronto Arbitration Chambers , Toronto, Ontario, Canada; Vice Chair, Dispute Resolution Subcommittee