International Conference on Construction and Real Estate Management 2016
Railway Risk Assessment of the EPC General Contract in Ethiopia Based on the Improved Fuzzy Comprehensive Evaluation Method
Publication: ICCREM 2016: BIM Application and Off-Site Construction
ABSTRACT
To effectively assess the railway project EPC general contracting risk in Ethiopia, this paper use improved fuzzy comprehensive evaluation method to evaluate risk level of every risk and the overall project and take the railway from Sebeta to Mieso in Ethiopia for example. It is concluded that the total project risk ranks at middle level. In the first-class index, contract risk, economic risk, and natural risk are in high level. In the second-class index, improper contract type selection, water shortage, complicated geological conditions, inflation, financial risk, exchange rates, engineering quantity change, war and civil strife, incomplete terms, imprecise terms, and labor employment restriction are the key risk control points. The assessment results are broadly in line with the actual project situation that can provide certain reference for Chinese Ethiopia engineering contractors and prove that this method is applicable and effective.
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ACKNOWLEDGMENTS
This research fee comes from Fund of Natural Science Foundation of Guangdong Province, China (S2013040013159). So we thank for their giving financial assistance to our project.
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Information & Authors
Information
Published In
ICCREM 2016: BIM Application and Off-Site Construction
Pages: 1376 - 1387
Editors: Yaowu Wang, Ph.D., Professor, Harbin Institute of Technology, Mohamed Al-Hussein, Ph.D., Professor, University of Alberta, Geoffrey Q. P. Shen, Ph.D., Professor, The Hong Kong Polytechnic University, and Yimin Zhu, Ph.D., Professor, Louisiana State University
ISBN (Online): 978-0-7844-8027-4
Copyright
© 2017 American Society of Civil Engineers.
History
Published online: Aug 14, 2017
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