Regional geopolitical instability has put both contractual risk allocation and insurance coverage under pressure. Construction contracts and force majeureMost standard construction contracts contain force majeure or exceptional event provisions capable of entitling an affected party to an extension of time and, in some cases, additional costs. Where force majeure is unavailable, alternative mechanisms may still apply: changes in law, cost fluctuation provisions or, in extremis, suspension clauses. Project insurance and acts of war exclusionsThe insurance position presents a parallel challenge. An interesting question looking ahead is whether it will be construction contracts or insurance policies that move first to close this gap.