Risk Assessment Model of Tendering for Chinese Building Projects
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VIEW THE ORIGINAL ARTICLEPublication: Journal of Construction Engineering and Management
Volume 130, Issue 6
Abstract
This paper presents a risk assessment model for tendering of Chinese building projects on the basis of identification and evaluation of the major risk events in the Chinese construction market, investigations and interviews from which the factors inducing the risk events were determined, questionnaires on building projects within China’s borders, and the logistic regression method. The findings show that, to a certain extent, the risk of tendering for projects and the risk of a contracted project can be assessed through analysis of factors such as owner type, source of project financing, existence or lack of past cooperation between contractors and owners, the intensity of competition for tendering, the reasonableness of the bid price, and the degree of support from the contracting company to its projects. The model can serve as a supplementary tool for Chinese contractors in making decisions for project tendering within Chinese borders. At the same time, it is of reference significance for international contractors, enabling them to further understand the risks in the contract market for Chinese building projects.
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Information & Authors
Information
Published In
Journal of Construction Engineering and Management
Volume 130 • Issue 6 • December 2004
Pages: 862 - 868
Copyright
Copyright © 2004 ASCE.
History
Published online: Nov 15, 2004
Published in print: Dec 2004
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