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Research on Contractors’ Strategies Dealing with Risks Reallocated by Owners Under Particular Contract Clause

In: The 19th International Conference on Industrial Engineering and Engineering Management

Author

Listed:
  • Jie Bai

    (Tianjin University of Technology)

  • Hong Ke

    (Tianjin University of Technology)

Abstract

With the reality that owners usually reallocate risks to contractors under special contract clause, this paper conducts a systematic analysis on contractors’ dealing with the reallocated risks in four steps: Risk identification, risk assessment, risk response and risk control. Firstly, this paper identifies the list of reallocated risks based on comparative analysis between model contracts and actual contracts. Secondly, by means of questionnaire collection and analysis, the importance of each listed and reallocated risk to Contractors shall be greatly evaluated. Thirdly, this paper revealed the mechanism of contractors’ risk response decisions by establishing the model of risk response decision to the reallocated risks. Finally, it described the contractors’ risk control process during the construction process through the analysis on control process towards reallocated risks.

Suggested Citation

  • Jie Bai & Hong Ke, 2013. "Research on Contractors’ Strategies Dealing with Risks Reallocated by Owners Under Particular Contract Clause," Springer Books, in: Ershi Qi & Jiang Shen & Runliang Dou (ed.), The 19th International Conference on Industrial Engineering and Engineering Management, edition 127, chapter 0, pages 853-864, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-38433-2_91
    DOI: 10.1007/978-3-642-38433-2_91
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