This episode dives into Guidance Note 2.3.5, focusing on the application of liability caps in Public Works Contracts in Ireland. Liability caps are essential for defining the extent of contractors' and consultants' financial responsibility, protecting them from unlimited liability in project-related risks. We’ll cover how these caps are structured, the legal and practical considerations for setting appropriate limits, and how liability caps interact with insurance requirements and contractual obligations. This episode provides critical insights for stakeholders involved in public construction projects, ensuring a balance between risk management and accountability.