Tag Archives: construction projects

ILN Today Post

Limitation periods and standstill agreements: How can they impact your claims?

Claims arising from construction projects often require consideration of the law of limitation.

Limitation periods are statutorily prescribed windows within which claimants must commence claims. These periods do not, however, sit naturally against the nature and timeline of projects, where numerous parties are involved, the period from commencement through to completion can span many years, and the parties’ liabilities extend beyond completion.

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ILN Today Post

Grip tight and hold on: latest trends in the construction of amusement rides

Quantitative risk assessment techniques are changing the way in which amusement rides are designed, inspected and operated.  Modern rides are becoming dependent on computer-based technology with control systems allowing rides to perform increasingly complex functions at very high speeds.  Passenger safety can depend on the correct operation of control systems and their failure could compromise safety.

Such developments mean that quantitative risk assessments are increasingly being applied to amusement rides.1  A quantitative risk assessment involves calculating the magnitude of a potential loss and the probability that such loss will occur.  An acceptable risk is only understood or tolerated where the cost or difficulty of implementing an effective countermeasure exceeds the expectation of loss.

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