GBA introduced the limitation of liability (LoL) concept to engineering and environmental consultants in 1969. By applying the concept, the consultants and their clients agree to limit the consultants’ liability to a mutually acceptable amount. GBA has occasionally queried its members about their LoL practices and experiences, most recently in late 2004, when GBA’s Business Practices Committee issued a questionnaire to GBA’s 300 Member Firms. The questionnaire asked respondents to relate their experiences with private-sector clients, under the assumption that most public-sector clients refuse to accept an LoL. Responses to the questionnaire indicate that the assumption may not be as valid as presumed. This ASFE Practice Alert presents survey results.
client relations, contract issues, contract negotiation, contracts, insurance, professional liability, limitation of liability, scope of service
Print Page