Under an option A - If the Contractor has allocated say 20K risk against a risk in the risk register at contract stage (breaking through for instance). When the work is commenced a compensation event is raised due to a 60.1(12) for say 60K. If agreed with the CE who is liable for payment?
Do you pay the CE minus the contractors risk allocation?
Does this mean risk pots need to be allocated at contract stage?
Surely there is no benefit in the Contractor pricing this risk?