International Conference on Construction and Real Estate Management 2019
Study on Risk Sharing of General Contracting for Construction Projects
Publication: ICCREM 2019: Innovative Construction Project Management and Construction Industrialization
ABSTRACT
With the continuous introduction of documents by the State Council to implement general contraction for construction projects, more and more domestic projects use the general contracting model. One of the advantages of this approach is that it can reduce the risk of owners. However, unreasonable risk transfer will result in high risk cost and reduce project benefit, even lead to project failure. It can be seen that reasonable risk sharing is the core content of risk management in general contraction for construction projects. Based on the contract model, this article will initially share the risks of the general contraction for construction project as share the risk unilaterally and share the risk together. For sharing the risk together, this paper will aim at maximizing the risk sharing benefits of both sides of the general contraction for construction project, and build a risk sharing proportion model, in order to provide a basis for calculating the optimal risk sharing ratio of both parties.
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Information & Authors
Information
Published In
ICCREM 2019: Innovative Construction Project Management and Construction Industrialization
Pages: 221 - 230
Editors: Yaowu Wang, Ph.D., Harbin Institute of Technology, Mohamed Al-Hussein, Ph.D., University of Alberta, and Geoffrey Q. P. Shen, Ph.D., Hong Kong Polytechnic University
ISBN (Online): 978-0-7844-8230-8
Copyright
© 2019 American Society of Civil Engineers.
History
Published online: Aug 29, 2019
Published in print: Aug 29, 2019
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