Technical Papers
Jul 5, 2021

Text Mining Risk Assessment–Based Model to Conduct Uncertainty Analysis of the General Conditions of Contract in Housing Construction Projects: Case Study of the NSW GC21

Publication: Journal of Architectural Engineering
Volume 27, Issue 3

Abstract

Construction contracts are known to be the most effective factor to address the challenging subject of risk-sharing between key stakeholders in a project. This study will be conducted for the early recognition of sources of uncertainty in construction contracts that are crucial to avoid when meeting the project objectives. To achieve this goal, a two-stage approach will be used. First, a text analysis method will be developed following previous research to identify key commitments. This rule-based method will rely on a lexicon database that includes promisor-determiner nouns (PDN) and obligation-maker verbs (OMV). Second, to estimate the effects of uncertainties on project objectives, a two-stage risk analysis technique based upon probability and impact estimation will be adapted. The proposed text analysis framework will be validated using MATLAB. The major contribution of knowledge from this study will be to present a text mining risk analysis-based model to assess the patterns of the risk-sharing under general conditions of contract between parties. To quantify the risks of contract obligations, the clauses of general conditions of the New South Wales Government of Australia GC21 (NSW GC21) contract will be analyzed against five project objectives. The results show that the proposed method could be effectively used to identify the main obligations of the other party in the types of contracts to develop the contract strategy for the client and the contractor.

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Go to Journal of Architectural Engineering
Journal of Architectural Engineering
Volume 27Issue 3September 2021

History

Received: Aug 14, 2020
Accepted: May 26, 2021
Published online: Jul 5, 2021
Published in print: Sep 1, 2021
Discussion open until: Dec 5, 2021

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Amir Faraji [email protected]
Assistant Professor, Construction Project Management, Faculty of Architecture, KHATAM Univ., Tehran 1991813741, Iran; Visiting Fellow, Western Sydney Univ., Sydney 2747, Australia (corresponding author). Email: [email protected]; [email protected]
Maria Rashidi [email protected]
Senior Lecturer, School of Engineering, Design and Built Environment, Western Sydney Univ., Sydney 2747, Australia. Email: [email protected]
Professor, School of Engineering, Design and Built Environment, Western Sydney Univ., Sydney 2747, Australia. ORCID: https://orcid.org/0000-0001-9218-9282. Email: [email protected]

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