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...Guidance notes for the nec engineering and construction contract rst objective of risk register is to identify risks inherent in a project some these are generic will apply whatever work carried out an example errors pricing tender other be specic particular operation foun dation failure due ground conditions being worse than expected second set how should managed it describes who take what action manage or mini mise likelihood event happening refer more detailed documents setting procedures imple mented include contractors quality management system third time cost conse quences parties others if occurs whilst allocates actions needed rest deal with allocation that contracts based on options b straightforward total resulting from borne by contractor unless covered compensation employers listed clause either employer through target c d its implications again not one costs initially but eventually shared application share mechanism however denition disallowed noted results identied this ...