Journal of the Architectural Institute of Korea Structure & Construction (대한건축학회논문집:구조계)

Architectural Institute of Korea (대한건축학회)
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Risk Analysis and Responding Strategies in Tender Stage for Successful Construction Project in China

중국건설시장에서의 성공적인 발주를 위한 입찰단계 리스크 분석 및 대응방안

  • Received : 2015.04.02
  • Accepted : 2015.07.01
  • Published : 2015.07.30
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Abstract

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.

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References

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