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Bing, L and Tiong, R L K (1999) Risk Management Model for International Construction Joint Ventures. Journal of Construction Engineering and Management, 125(05), 377–84.

  • Type: Journal Article
  • Keywords:
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)0733-9364(1999)125:5(377)
  • Abstract:
    The current Asian financial crisis has put the role of risk management in the construction business into focus. For firms engaging in the international construction business, one of the most effective means of mitigating financial risks is through a joint venture (JV) with a local partner. There are, however, risks associated with an international construction JV. Based on a study by the writers on the risk factors and their mitigating measures, the most effective risk mitigating measures were categorized into eight groups. These are partner selection, agreement, employment, control, subcontracting, engineering contract, good relationship, and renegotiation. In this paper, a risk management model incorporating these measures was proposed. Three cases of international construction JVs were analyzed from the perspectives of the execution of these measures. It is hoped that this model would help construction firms in improving their decision-making process for their overseas ventures.

Conley, M A and Gregory, R A (1999) Partnering on Small Construction Projects. Journal of Construction Engineering and Management, 125(05), 320–4.

Faniran, O O, Love, P E D and Li, H (1999) Optimal Allocation of Construction Planning Resources. Journal of Construction Engineering and Management, 125(05), 311–9.

Jahren, C T, Ellsworth, B J and Bergeson, K (1999) Constructability Test for Cold In-Place Asphalt Recycling. Journal of Construction Engineering and Management, 125(05), 325–9.

Karim, A and Adeli, H (1999) CONSCOM: An OO Construction Scheduling and Change Management System. Journal of Construction Engineering and Management, 125(05), 368–76.

Karim, A and Adeli, H (1999) OO Information Model for Construction Project Management. Journal of Construction Engineering and Management, 125(05), 361–7.

Lee, H and Yi, K J (1999) Application of Mathematical Matrix to Integrate Project Schedule and Cost. Journal of Construction Engineering and Management, 125(05), 339–46.

Li, H, Cao, J and Love, P E D (1999) Using Machine Learning and GA to Solve Time-Cost Trade-Off Problems. Journal of Construction Engineering and Management, 125(05), 347–53.

Mitropoulos, P and Tatum, C B (1999) Technology Adoption Decisions in Construction Organizations. Journal of Construction Engineering and Management, 125(05), 330–8.

Shi, J J (1999) Activity-Based Construction (ABC) Modeling and Simulation Method. Journal of Construction Engineering and Management, 125(05), 354–60.

Thomas, H R and Završki, I (1999) Construction Baseline Productivity: Theory and Practice. Journal of Construction Engineering and Management, 125(05), 295–303.

Tommelein, I D, Riley, D R and Howell, G A (1999) Parade Game: Impact of Work Flow Variability on Trade Performance. Journal of Construction Engineering and Management, 125(05), 304–10.