Activity

Description of risk

Risk borne by Contractor

Risk borne by Authority

Comments/Actions to be taken to minimise risk

G.  Planned Maintenance/ Cyclical Maintenance

Contractor planned maintenance cost increases

•  any costs in excess of budget

•  Warranties from Surveyors to Contractor

•  Bidders have agreed survey briefs and understand survey findings

•  Bidders should note exclusions / limitations of stock condition and building surveys

•  Bidders should make their own assessment of the necessity for risk pricing by bidder and sub-contractors

Planned maintenance programme delays

•  reduced unitary charge associated with failure to meet target standards

Structural and / or altent defects becoming apparent  

•  Structural or latent defects to be remedied to the extent output specification to be met at contractor's cost

•  under-estimate of investment required and Unitary Charge too low

•  reduced unitary charge associated with failure to meet target standards

•  latent defects - Anything that is agreed ought not to be covered and revealed by stock survey and not otherwise provided for in the PA e.g. lies outside the output specification

•  Risk pricing by Contractor and Sub-Contractor  

•  Defects to be remedied to extent needed to meet output specification