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Cheung, S-O (1997) Risk allocation: an essential tool for construction project management. Journal of Construction Procurement, 3(01), 16–27.

  • Type: Journal Article
  • Keywords: dispute; perception; project management; risk allocation; standard-form contract
  • ISBN/ISSN: 1358-9180
  • URL:
  • Abstract:
    Construction project management involves the planning, organizing, directing, and controlling of company resources for the completion of a project development. Project success is usually measured by the achievement of the time, cost, quality and maximizing resource utilization objectives. The achievement of these objectives can also be measured by the incidences of claims and disputes and their resolution. Dispute prevention is then one of the major tasks in construction project management. Equitable risk allocation has been identified as one of the strategies that would reduce the incidences of claims and disputes. This paper discusses the current unified risk allocation movement in Australia. This paper also reports a study that seeks to compare and detect any divergence between the risk allocation pattern as eiicited through interviews with senior personnel in the construction industry and that as interpreted from a standard form of contract commonly used in the State of New South Wales, Australia.