WA General Contractor Practice Questions - Washington General Contractor Exam

What is the purpose of an 'indemnification clause' in a Washington construction contract?

To allocate risk by requiring one party to compensate the other for losses arising from specified circumstances To guarantee the project will be completed on time To set the contract price To waive all liability for both parties

Correct Answer:

To allocate risk by requiring one party to compensate the other for losses arising from specified circumstances

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