About Recommended Practice 67R-11:
This recommended practice (RP) of AACE International defines the contract risk allocation principles as applied in engineering, procurement and construction (EPC). Such principles address for example; contract basics, legal risk allocation principles, general risk allocation principles, typical contract forms, common contract risks, and quantitative contract risk assessment. Much of the discussion focuses on construction; however, the principles apply to contracts for any element of an EPC project.

About AACE Recommended Practices:
The AACE International Recommended Practices (RPs) are a series of documents that contain valuable reference information that has been subject to a rigorous review process and recommended for use by the Technical Board. RPs are intended to be the main technical foundation of AACE educational, and certification products and services. All RPs are available to AACE members free of charge.