Gordon Rees Scully Mansukhani Construction Partner Todd R. Regan authored an article titled “Risk Transfer Clauses: Subcontractor Beware,” published by Surety Bond Quarterly.
The article discusses various types of risk transfer clauses commonly used in construction contracts, such as pay-if-paid provisions, no damages for delay clauses, indemnity requirements, and flow-down clauses, and how they are typically interpreted by courts. The article further explores the purposes behind such clauses from the perspective of general contractors, while analyzing the potential risk and burden they place on subcontractors.
Regan has more than twenty years of experience litigating complex construction disputes throughout the Northeast. He frequently appears in state and federal courts in Connecticut, Massachusetts, and New York. He has also received a Best Lawyers in America© “Lawyer of the Year” distinction in Construction Law for 2022 and 2024.
Surety Bond Quarterly, the official magazine of the National Association of Surety Bond Producers, offers insights and information for surety, construction, and allied professionals who need to stay up-to-date on the industry’s latest news and developments.
Delve into the full Surety Bond Quarterly article.