The impact of procurement options on risk management
2008 (English)In: Transformation through Construction: Joint 2008 CIB WO65/WO55 Symposium / [ed] Kate Carter; Stephen Ogunlana; Ammar Kaka, Heriot-Watt University, School of the Built Environment , 2008Conference paper (Refereed)
In order to achieve an expected final result of construction activities, professional risk management as well as conscious risk allocation among the project actors are required. Various procurement options imply different risk allocation and different degree of actors' involvement in risk management. This paper investigates the impact of the chosen procurement option on risk management in construction projects. Three major options currently used in Sweden are analysed: design-bid-build contracts, design-build contracts and collaboration through partnering. A questionnaire survey and a series of interviews with clients, contractors and consultants involved in nine construction projects were conducted. The major finding of the study is that there is a clear connection between the procurement option and risk management. The options that support early involvement of the actors, their participation throughout the project and opportunities for open dialogue and collaboration result in a more effective risk management process and a better final result.
Place, publisher, year, edition, pages
Heriot-Watt University, School of the Built Environment , 2008.
Research subject Construction Engineering and Management; Entrepreneurship and Innovation
IdentifiersURN: urn:nbn:se:ltu:diva-34274Local ID: 86dd18b0-ba11-11dd-b223-000ea68e967bISBN: 978-0-9561067-0-4 (electronic)OAI: oai:DiVA.org:ltu-34274DiVA: diva2:1007524
Transformation through construction : Joint 2008 CIB W065/W055 symposium 14/11/2008 - 17/11/2008
Godkänd; 2008; Bibliografisk uppgift: CD-ROM; 20081124 (ekaosi)2016-09-302016-09-30Bibliographically approved