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Risk Analysis and Responding Strategies in Tender Stage for Successful Construction Project in China
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 Title & Authors
Risk Analysis and Responding Strategies in Tender Stage for Successful Construction Project in China
Liu, Yue-Fei; Oh, Jae-Hun; Kim, Jin-Hui; Huh, Young-Ki;
Although the depression of oversea construction market becomes more serious recent years, asian construction market is relatively dynamic, particularly in china. However, few research has been conducted about how to manage construction projects in china as foreign developers. Risk management is surely important for the success of a construction project conducted by a foreign developer in the country due to differences of systems as well as regulations. Important risks were identified by series of expert interviews and surveys using the WBS-RBS method, namely tender max. price error, bill of quantities error, inappropriate contract type etc, after explaining construction cost estimation method in China. Then, several risk responding strategies suggested by experienced experts are proposed. The results will be in the interests for those that are likely conduct construction projects in china as foreign bodies.
Chinese Construction Market;Bill of Quantity;Construction Risk;Work Breakdown Structure;Risk Breakdown Structure;
 Cited by
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