Formation of a System for Monitoring Risks in the Implementation of Life Cycle Contracts

Abstract

Objective: In light of the current economic volatility and the need for sustainable development, the objective of this study is to develop risk management tools for construction companies involved in investment and construction projects, particularly those implemented through public-private partnerships. Methods: The study examines the activities of construction companies in implementing risk management procedures for life-cycle contracts. It emphasizes the establishment of key risk indicators (KRI) and the development and implementation of measures to mitigate risks associated with life-cycle contracts, taking into account regulatory requirements and sustainable development principles. Results: The study identifies the main risks faced by construction companies in the implementation of life-cycle contracts and provides lists of KRI grouped according to these risks. The proposed risk monitoring system enables effective risk management, ensuring compliance with regulations and promoting sustainable development practices. Conclusion: The findings reveal the main activities of construction companies in the organization of risk management procedures for life-cycle contracts, including the establishment of key risk indicators, and the development and implementation of measures to mitigate the risks of life-cycle contracts.