From Risk to Profit Benchmarking and Claims Studies

Other Parties On any given project, there are other parties that will influence or have a stake in the outcome. As part of the evaluation of the potential risks of any project, design professionals must factor in these other parties. As the chart on page 13 indicates, 8.8% of claims against design professionals from 2010 through 2019 came from third parties for property damage and 7.6% of claims were for bodily injuries of non-construction workers. These types of claims can vary widely and often include claims that the design of the project caused excessive water run- off damaging an adjoining property to the bodily injury of a user of the project because the design professional failed to specify a non-slippery surface in the project’s public areas.

...8.8% of claims against design professionals...came from third parties for property damage...

Client-retained consultants such as geotechnical and surveying professionals and construction managers should also be considered. Although retained by the client, design professionals will rely upon and often coordinate professional services with client-retained consultants. Evaluation of third parties, which will include occupants and users of the project, adjoining and neighboring properties, as well as consultants retained by the client, is an important step in evaluating the potential risks of any project.

27 • From Risk to Profit - Benchmarking and Claims Studies

Victor

Made with FlippingBook Publishing Software