Document background
The Subcontractor Risk Transfer Agreement is a critical document used in Hong Kong's construction and industrial sectors to formally establish and manage risk allocation between main contractors and subcontractors. This agreement becomes necessary when a main contractor delegates work to subcontractors and needs to ensure clear delineation of responsibilities, liabilities, and insurance obligations. The document addresses requirements under Hong Kong law, including compliance with the Construction Industry Council Ordinance, Employment Ordinance, and Insurance Ordinance. It is particularly important for complex projects where risk management is crucial and multiple parties are involved. The agreement typically includes detailed provisions for insurance coverage, indemnification obligations, safety requirements, and dispute resolution procedures, all tailored to Hong Kong's legal and regulatory environment.
