A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Risk importance and allocation in the Pakistan Construction Industry: A contractors’ perspective
Abstract This paper on the basis of a questionnaire survey has investigated the perception of the contractors regarding risk importance and risk allocation. The purpose was to provide insight into the current attitude of Pakistani contractors towards the impact of different risks to the project delay and risk allocation. The respondents were asked to judge the relative importance of 31 risks types included in questionnaire. The risk types were generated on: a) an extensive literature review and b) consultation with the five key local experts participated in the survey. The weighted average score approach (WAS) is used to rank the potential risks based on the judgment of the respondents. The risks ranked by the contractors are analyzed and discussed. For risk allocation, the respondents have selected the party actually taking the risk from one of the following three options: owner, contractor or shared by both he owner and contractor. The results of this part of the survey are summarized in terms of percentages of the total number of respondents who have chosen the appropriate selection.
Risk importance and allocation in the Pakistan Construction Industry: A contractors’ perspective
Abstract This paper on the basis of a questionnaire survey has investigated the perception of the contractors regarding risk importance and risk allocation. The purpose was to provide insight into the current attitude of Pakistani contractors towards the impact of different risks to the project delay and risk allocation. The respondents were asked to judge the relative importance of 31 risks types included in questionnaire. The risk types were generated on: a) an extensive literature review and b) consultation with the five key local experts participated in the survey. The weighted average score approach (WAS) is used to rank the potential risks based on the judgment of the respondents. The risks ranked by the contractors are analyzed and discussed. For risk allocation, the respondents have selected the party actually taking the risk from one of the following three options: owner, contractor or shared by both he owner and contractor. The results of this part of the survey are summarized in terms of percentages of the total number of respondents who have chosen the appropriate selection.
Risk importance and allocation in the Pakistan Construction Industry: A contractors’ perspective
Hameed, Asif (author) / Woo, Sungkwon (author)
KSCE Journal of Civil Engineering ; 11 ; 73-80
2007-03-01
8 pages
Article (Journal)
Electronic Resource
English
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