Five Important Risk-Shifting Provisions Bond Producers and Their Construction Clients Should Be Aware Of Whether you are a bond producer, owner, contractor, or subcontractor, success in the construction industry is largely an exercise in risk management—and construction contracts serve as a powerful tool to allocate those risks across parties. That is why it is so important to understand their intricacies. We asked Scott Walters , an attorney at the law firm of Smith, Currie & Hancock LLP and a participant on the NASBP Attorney Advisory Council , to weigh in on common risk-shifting provisions within construction contracts. Here are five clauses he said ...