An assessment applicability of risk management in design and build projects in Malaysia
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 impleme...
Saved in:
Main Authors: | , |
---|---|
Format: | Conference or Workshop Item |
Language: | English |
Published: |
2008
|
Subjects: | |
Online Access: | http://eprints.usm.my/34757/1/HBP38.pdf http://eprints.usm.my/34757/ |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
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 preplanning
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 |
---|