A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Study on Risk Sharing of General Contracting for Construction Projects
With the continuous introduction of documents by the State Council to implement general contraction for construction projects, more and more domestic projects use the general contracting model. One of the advantages of this approach is that it can reduce the risk of owners. However, unreasonable risk transfer will result in high risk cost and reduce project benefit, even lead to project failure. It can be seen that reasonable risk sharing is the core content of risk management in general contraction for construction projects. Based on the contract model, this article will initially share the risks of the general contraction for construction project as share the risk unilaterally and share the risk together. For sharing the risk together, this paper will aim at maximizing the risk sharing benefits of both sides of the general contraction for construction project, and build a risk sharing proportion model, in order to provide a basis for calculating the optimal risk sharing ratio of both parties.
Study on Risk Sharing of General Contracting for Construction Projects
With the continuous introduction of documents by the State Council to implement general contraction for construction projects, more and more domestic projects use the general contracting model. One of the advantages of this approach is that it can reduce the risk of owners. However, unreasonable risk transfer will result in high risk cost and reduce project benefit, even lead to project failure. It can be seen that reasonable risk sharing is the core content of risk management in general contraction for construction projects. Based on the contract model, this article will initially share the risks of the general contraction for construction project as share the risk unilaterally and share the risk together. For sharing the risk together, this paper will aim at maximizing the risk sharing benefits of both sides of the general contraction for construction project, and build a risk sharing proportion model, in order to provide a basis for calculating the optimal risk sharing ratio of both parties.
Study on Risk Sharing of General Contracting for Construction Projects
Zhang, Jiading (author) / Li, Liangbao (author)
International Conference on Construction and Real Estate Management 2019 ; 2019 ; Banff, Alberta, Canada
ICCREM 2019 ; 221-230
2019-08-29
Conference paper
Electronic Resource
English
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