Andi (2006) The importance and allocation of risks in Indonesian construction projects. Construction Management and Economics, 24(1), pp. 69-80. ISSN 01446193
Abstract
To effectively manage risks in construction projects, it is crucial to correctly identify important risks and properly allocate them to the contractual parties. Understanding the perceptions of construction contractors and owners on the importance and allocation of risks in Indonesian construction projects is an important step in this process. A questionnaire survey was conducted and 27 construction risks were identified and evaluated. Significant differences in perceptions are encountered for the importance of several types of risk, especially those related to the contractor's competence. The respondents had different expectations toward the allocation of a number of risks, and at present, many risks are unclearly apportioned to the contracting parties.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | contract; Indonesia; questionnaire survey; risk allocation; risk importance |
| Index terms: | risk allocation, Indonesia, owner, contracting party, construction project, competence, questionnaire, construction contractor, survey |
| Subjects: | data collection methods, practitioner, sociology, financial risk, personnel development, Geography, production management |
| Topics: | Human Resources, Cost Management, Research Practice, Project Management, Geographical Context, Stakeholder Management, Roles and Professions |
| Descriptive scope: | 4 PCEA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here