The Malaysian Construction Industry’s Risk Management in Design and Build
Over the past twenty years, there have been large-scale and expensive public works tenders that adopted design and build procurement (D&B) contracts which consist of construction and civil engineering. Experts from the academic and construction circles have been studying the effective implemen...
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Main Authors: | , , |
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Format: | Article |
Language: | English English |
Published: |
2008
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Online Access: | http://psasir.upm.edu.my/id/eprint/7622/1/The%20Malaysian%20Construction%20Industry.pdf http://psasir.upm.edu.my/id/eprint/7622/ http://www.ccsenet.org/journal/index.php/mas/article/view/2195 |
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Summary: | Over the past twenty years, there have been large-scale and expensive public works tenders that adopted design and
build procurement (D&B) contracts which consist of construction and civil engineering. Experts from the academic and
construction circles have been studying the effective implementation of these tenders, the difficulties they encountered
and the solutions for them. However, design and build (D&B) projects have additional stages such as the pre-planning
and design and post-operative stages compared to traditional construction projects. As a result, contractors are faced
with a higher chance of project risk probability and impacts. The risks that were to be assumed by the original employer
may be transferred to the design and build contractors by means of a written agreement. Risk Management involves
appropriate handling of risks after evaluation and analysis to minimize the negative impacts risks have on the finance
with the lowest costs. Risk management is applied to establish necessary guidelines and to obtain key indices for
successful design and build projects for contractor to follow. The method incorporated in this research included
literature review, questionnaire surveys and interviews. The encountered risk factors were compiled and placed in the
right sequence. The possible ways of minimizing risks that design and build members have on the project according to
the definition and implementation of risk management been also looked into. From the findings, it is recommended that
contractors should have clear employer briefing, clear specifications and statement of needs, good quality of
workmanship, implementing code of practice, key elements effective management, effective communication with all
components of the project team and decisive action in the event of deviation from plans for a successful (D&B) projects |
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