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Adeleye, T, Huang, M, Huang, Z and Sun, L (2013) Predicting Loss for Large Construction Companies. Journal of Construction Engineering and Management, 139(09), 1224–36.
Alsamadani, R, Hallowell, M R, Javernick-Will, A and Cabello, J (2013) Relationships among Language Proficiency, Communication Patterns, and Safety Performance in Small Work Crews in the United States. Journal of Construction Engineering and Management, 139(09), 1125–34.
Cruz, C O and Marques, R C (2013) Exogenous Determinants for Renegotiating Public Infrastructure Concessions: Evidence from Portugal. Journal of Construction Engineering and Management, 139(09), 1082–90.
Damci, A, Arditi, D and Polat, G (2013) Multiresource Leveling in Line-of-Balance Scheduling. Journal of Construction Engineering and Management, 139(09), 1108–16.
Franz, B W, Leicht, R M and Riley, D R (2013) Project Impacts of Specialty Mechanical Contractor Design Involvement in the Health Care Industry: Comparative Case Study. Journal of Construction Engineering and Management, 139(09), 1091–7.
Hanna, A S, Thomas, G and Swanson, J R (2013) Construction Risk Identification and Allocation: Cooperative Approach. Journal of Construction Engineering and Management, 139(09), 1098–107.
- Type: Journal Article
- Keywords: Risk management; Contracts; Legal factors; Claims; Change management; Risk management; Contracts; Legal factors; Claims; Change management; Contracting;
- ISBN/ISSN: 0733-9364
- URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0000703
- Abstract:
Over the past decades, numerous research efforts have been undertaken concerning the allocation of construction risks. Although the research currently available provides many valuable insights into the issue, industry participants remain concerned over risk associated with construction contracting. Based on this problem, a research product was developed to aid contracting parties in identifying, assessing, and allocating each construction risk. After a three-phase survey methodology for data collection, three worksheets were developed to identify construction risks with high potential for conflict and to aid in assessing and allocating these risks to the appropriate parties. To complement the model worksheets, three tools were developed: flowcharts, to help determine which party should carry each particular risk; legal research; and risk allocation principles, to help select appropriate contract language to address the identified risks. This paper discusses (1) the risk assessment and allocation model, including its accompanying tools, followed by a legal research discussion that will help parties to better understand construction contracts; and (2) the legal terms that often cause misallocation of risk with severe consequences.
Hegazy, T, Abdel-Monem, M, Saad, D A and Rashedi, R (2013) Hands-On Exercise for Enhancing Students’ Construction Management Skills. Journal of Construction Engineering and Management, 139(09), 1135–43.
Hollar, D A, Rasdorf, W, Liu, M, Hummer, J E, Arocho, I and Hsiang, S M (2013) Preliminary Engineering Cost Estimation Model for Bridge Projects. Journal of Construction Engineering and Management, 139(09), 1259–67.
Jafari, A and Love, P E D (2013) Quality Costs in Construction: Case of Qom Monorail Project in Iran. Journal of Construction Engineering and Management, 139(09), 1244–9.
Jin, Z, Deng, F, Li, H and Skitmore, M (2013) Practical Framework for Measuring Performance of International Construction Firms. Journal of Construction Engineering and Management, 139(09), 1154–67.
Li, J, Chiang, Y H, Choi, T N Y and Man, K F (2013) Determinants of Efficiency of Contractors in Hong Kong and China: Panel Data Model Analysis. Journal of Construction Engineering and Management, 139(09), 1211–23.
Liu, J Y, Zou, P X W and Gong, W (2013) Managing Project Risk at the Enterprise Level: Exploratory Case Studies in China. Journal of Construction Engineering and Management, 139(09), 1268–74.
Marzouk, M and Amin, A (2013) Predicting Construction Materials Prices Using Fuzzy Logic and Neural Networks. Journal of Construction Engineering and Management, 139(09), 1190–8.
Menesi, W, Golzarpoor, B and Hegazy, T (2013) Fast and Near-Optimum Schedule Optimization for Large-Scale Projects. Journal of Construction Engineering and Management, 139(09), 1117–24.
Shahandashti, S M and Ashuri, B (2013) Forecasting {[}Engineering News-Record{]} Construction Cost Index Using Multivariate Time Series Models. Journal of Construction Engineering and Management, 139(09), 1237–43.
Sunindijo, R Y and Zou, P X W (2013) Conceptualizing Safety Management in Construction Projects. Journal of Construction Engineering and Management, 139(09), 1144–53.
Tas, E, Cakmak, P I and Levent, H (2013) Determination of Behaviors in Building Product Information Acquisition for Developing a Building Product Information System in Turkey. Journal of Construction Engineering and Management, 139(09), 1250–8.
Wang, S, Tang, W and Li, Y (2013) Relationship between Owners’ Capabilities and Project Performance on Development of Hydropower Projects in China. Journal of Construction Engineering and Management, 139(09), 1168–78.
Xie, J and Thomas Ng, S (2013) Multiobjective Bayesian Network Model for Public-Private Partnership Decision Support. Journal of Construction Engineering and Management, 139(09), 1069–81.
Yorucu, V (2013) Construction in an Open Economy: Autoregressive Distributed Lag Modeling Approach and Causality Analysis—Case of North Cyprus. Journal of Construction Engineering and Management, 139(09), 1199–210.
Zhao, X, Hwang, B and Low, S P (2013) Developing Fuzzy Enterprise Risk Management Maturity Model for Construction Firms. Journal of Construction Engineering and Management, 139(09), 1179–89.