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How procurement options influence risk management in construction projects
Luleå University of Technology, Department of Civil, Environmental and Natural Resources Engineering, Structural and Construction Engineering.ORCID iD: 0000-0001-8607-1464
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences, Innovation and Design.ORCID iD: 0000-0002-1746-2637
2011 (English)In: Construction Management and Economics, ISSN 0144-6193, E-ISSN 1466-433X, Vol. 29, no 11, p. 1149-1158Article in journal (Refereed) Published
Abstract [en]

Before proceeding with a project, a client has to choose an appropriate procurement option that facilitates an effective project organization in general and a thorough risk management process in particular. By identifying three procurement variables that have a major influence on risk management: project delivery method, form of payment, and use of collaboration or partnering arrangements, the effect of each variable is studied. An exploratory study and a series of interviews with clients, contractors and consultants involved in 11 Swedish construction projects, were performed in order to examine how risk management was carried out in each project. Irrespective of the procurement option, many projects suffered from variations in cost affecting one or more actors. Risk management was not carried out systematically throughout project phases. However, in the projects with early involvement of the actors, their participation throughout the project, and opportunities for open dialogue and collaboration, a more thorough risk management process was found. While project delivery methods define formal risk allocation, the use of incentives and collaboration or partnering arrangements help to establish a collaborative approach to risk management.

Place, publisher, year, edition, pages
2011. Vol. 29, no 11, p. 1149-1158
National Category
Construction Management Other Engineering and Technologies not elsewhere specified
Research subject
Construction Engineering and Management; Entrepreneurship and Innovation
Identifiers
URN: urn:nbn:se:ltu:diva-5056DOI: 10.1080/01446193.2011.639379Scopus ID: 2-s2.0-84857939813Local ID: 312eef30-6478-4df5-9ec7-ac0c1ffb2324OAI: oai:DiVA.org:ltu-5056DiVA, id: diva2:977930
Projects
Systematisk gemensam riskhantering i byggprojekt
Note
Validerad; 2011; 20111207 (ekaosi)Available from: 2016-09-29 Created: 2016-09-29 Last updated: 2018-07-10Bibliographically approved

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Osipova, EkaterinaEriksson, Per-Erik

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CiteExportLink to record
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  • apa
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