Palm has experience of working on NEC3 projects and, having represented various parties such Employer, Project Manager, Contractor, Subcontractor and Subsubcontractor, can use this experience to advise any party how to get the best of this contract.
Palm promotes the use of NEC3 contract management software.
Risk Management is an integral part of any organisation’s strategic management. It is the process whereby organisations methodically address the risks attached to their activities with the goal of achieving sustained benefit within each activity and across the portfolio of all activities.
The Institute of Risk Management defines Risk Management as “the process which aims to help organisations understand, evaluate and take action on all their risks with a view to increasing the probability of success and reducing the likelihood of failure”, and the HM Treasury defines it as “all the processes involved in identifying, assessing and judging risks, assigning ownership, taking actions to mitigate or anticipate them, and monitoring and reviewing progress.”
As you can see from the above statements risk management is a key factor in ensuring the success and growth of a company; winning new business whilst minimising contractual liabilities.
We will provide risk reviews with an output of a manageable risk register that mitigates risk from tender process through to completion and warranty obligations thus providing all key stakeholders with an open book template through the full project lifecycle.
Liability and Indemnity Provisions
Liability and indemnity provisions are often the most contentious and heavily negotiated terms in commercial contracts and it is therefore important to ensure that they are drafted correctly. Such clauses might limit a party's liability by excluding some types of loss totally from the scope of the contract, or by placing a cap on the recoverable loss. It is important when drafting or negotiating these clauses to look at the various factors that should be taken into account in order to ensure that the term will be enforceable.