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Construction Risk Analysis and Management

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Understanding Construction Contracts

Abstract

Risks associated with construction are numerous, and each of the four main project objectives of scope, time, cost, and quality remains subject to risk, and their effects are considered throughout the project. Construction projects can be unpredictable. Risks start appearing as soon as it is decided to initiate a project and continue to increase as the project moves further.

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References and Further Reading

  1. National Association of Surety Bond Producers – SuretyLearn.Org. Washington, DC, USA.

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  2. Touran A., Bolster P. J., & Thayer S. W. (1994). Northern University, Boston. Risk assessment in fixed guide way transit system construction. A report prepared for U.S. Department of Transportation, Washington, DC.

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  3. Bunni, N. G. (1986). FIDIC’s view of design liability- Construction, Insurance & law. A discussion paper. Published by FIDIC.

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  4. The FIDIC. (1999). Conditions of contract for construction – (Red book). Author FIDIC.

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Surahyo, A. (2018). Construction Risk Analysis and Management. In: Understanding Construction Contracts. Springer, Cham. https://doi.org/10.1007/978-3-319-66685-3_9

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  • DOI: https://doi.org/10.1007/978-3-319-66685-3_9

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-66684-6

  • Online ISBN: 978-3-319-66685-3

  • eBook Packages: EngineeringEngineering (R0)

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