As one of those "geotechs" one of the reasons the caveats and the mays, etc are in the report is that many times (most times) the investigation and the report are done before the structural engineer even knows the detailed loading, sensitivity to settlements, etc. Clearly, a geotechnical report that is "factual" is the first step - then a preliminary interpretative report so that the design engineer may look at what types of foundations or foundation treatments are needed. Once the framework for the foundation design is sorted out, then a detailed interpretative report with very specific recommendations can be provided. Most of the time, the latter seldom happens which is why in this forum, we have so many responses to "check with the geotechnical engineer"!!
What should be part of the contract documents, in my view, if the risk warrants, is a base line geotechnical document which describes to the best way possible what problems are anticipated and provides the scope that up to a specific problem, it is the contractor's responsibility and subsequent to that the onus is on the owner. Such as the percentage of an excavation that has large boulders (say greater than 1 or 2 m3) - up to that amount, the contractor must have included in his price; however, if this is exceeded, the cost would be borne by the owner. Similarly about excavation in rock - what percent is rippable; what percent would require blasting, etc.
I agree, though with JC and jgalla on the "cop-out" point of view.