International Conference on Construction and Real Estate Management 2016
Research on the Risks of International High-Speed Railway Projects Based on the FIDIC-EPC Total Price Contract
Publication: ICCREM 2016: BIM Application and Off-Site Construction
ABSTRACT
Nowadays, Chinese high-speed railway companies have already developed the core technology of independent research and innovation of high-speed railway. However, domestic enterprises participating in the competition of international high-speed railway projects will encounter a variety of risks. Under the conditions of contract for FIDIC-EPC, the equilibrium allocation of mechanism is broken. Contractors take a lot of additional risks in the case of the higher contract’s price paid by owners. Generally, the international high-speed railway projects use the FIDIC-EPC contract. Based on the angle of contractors, this paper has studied the main risks of high-speed railway projects on the basis of risk analysis. The countermeasures are put forward to deal with market risks, technical risks, exchange rate risks, implement-contract risks, and human resource risks for contractors. Moreover, building information modeling (BIM) system of integrated management of high-speed railway projects is put forward to strengthen the control for general contractors in order to reduce the losses of risks.
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Information & Authors
Information
Published In
ICCREM 2016: BIM Application and Off-Site Construction
Pages: 1402 - 1411
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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