Model for Managing the Contractual Risks of Construction Firms Imposed by the Procurement System

Kanoglu, Alaattin; Gulen, Sinem

doi:10.7492/ijaec.2013.005

Cited by 5 publications

(9 citation statements)

References 18 publications

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“…The purpose of risk assessment is to determine the probability of risks occurring and their potential impact (Kanoglu and Gulen 2013). Scottish Government (2006) asserted that, it is well documented within the construction industry that poor cost estimating and scheduling are two of the root causes of project failure.…”

Section: Risks and Problems Associated With Retention Bondmentioning

confidence: 99%

Benefits and Level of Using Retention Bond for Construction Projects in Nigeria

Oke¹

2013

IJAEC

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This research work assesses the extent of usage of retention bond in construction projects in Nigeria using project characteristics such as procurement methods, contractual methods, as well as project risks and problems as basis. Collected data were analyzed using statistical tools such as frequency distribution, mean item score, mean gap, Mann-Whitney U test and T-test so as to determine the mean values, differences in mean and significance of the difference. The findings from the study indicated that retention bond reduces the level of risks and problems associated with construction project performance. More so, the usage of retention bond in construction projects is significantly affected by selected procurement method as well as identified problems and risks of such project. Professional bodies are therefore encouraged to lay down relevant laws to encourage the use of retention bond in order to improve the quality of projects in the construction industry.

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Section: Risks and Problems Associated With Retention Bondmentioning

confidence: 99%

Benefits and Level of Using Retention Bond for Construction Projects in Nigeria

Oke¹

2013

IJAEC

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“…It is important for the purpose of innovation, efficiency and effectiveness (Kululanga 1999). Kanoglu and Gulen (2013) advised that the construction industry need practical models that do not create resistance from professionals and can easily be implemented in practice. Egan (1998) also advocated for the development of management measuring instruments that should help the assessment of construction organizations' capabilities as one of the means towards modernizing business processes of companies in the sector.…”

Section: Integrity Indicatorsmentioning

confidence: 99%

Integrity Systems in Construction Organizations in Zambia

Muya¹,

Mukumbwa²

2013

IJAEC

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The construction industry is prone to unethical practices as reported in construction literature worldwide. There is a need for construction organizations to put in place methods for detecting and combating wrongdoings. The purpose of the study was to develop a method for assessing the presence of integrity systems in construction organizations. Interviews, a questionnaire survey and three case studies were used to collect data. The study established the need for the development of a method for assessing the presence of integrity systems in construction organizations. The framework developed to achieve this is presented. The study established that integrity systems in construction organizations that were sampled in Zambia were moderately developed. The framework to assess the presence of integrity systems reported in this paper could be a useful tool in evaluating ethical compliance in construction organizations. It could be used as a tool for self-assessment by construction organizations. Self-assessment can bring to management's attention areas that require improvement.

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“…Internal risk allocation and risk avoidance were used for some risks that have a major impact on the project such as improper feasibility study and breach of contract facilitate project delivery [14,15]. Even though risk handling strategies are used in project planning by building contractors, yet their application is at a lower level in the Tanzanian construction industry and hence there must be an increase in their degree of usage [16,17]. Other studies have been in SSA for example, a study by Kanoglu and Gulen [16], other developed and developing countries, Alex and Elena [18]; Adams [19], and in Sri Lankan [20].…”

Section: Introductionmentioning

confidence: 99%

“…Even though risk handling strategies are used in project planning by building contractors, yet their application is at a lower level in the Tanzanian construction industry and hence there must be an increase in their degree of usage [16,17]. Other studies have been in SSA for example, a study by Kanoglu and Gulen [16], other developed and developing countries, Alex and Elena [18]; Adams [19], and in Sri Lankan [20]. Equally, the Tanzanian context have highlighted the types, challenges and management strategies, causes and effects of risks in construction projects, Phoya et al [21] focused on risk management strategies in the informal sector and Sospeter et al [2] focused on risk factors in construction projects.…”

Section: Introductionmentioning

confidence: 99%

Risk Handling Responsibilities in Tanzanian Project-Based Organisations

Sospeter

Chileshe

2021

Sustainability

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Risk handling is one of the elements and essential parts of risk management when properly incorporated into a project. However, there is inadequate knowledge amongst the contractual parties on risk handling responsibilities in road projects, particularly in Sub-Saharan African developing countries. This study is aimed at bridging that knowledge gap by investigating the perceptions of contractors and consultants on the risk handling responsibilities in road projects in Tanzania. The primary data were collected from 80 registered foreign and local civil contractors and engineering consultants based in Dar es Salaam. Descriptive statistics and inferential statistics were used for the data analysis. The results show that both contractors and consultants ranked safety project provision and ensuring quality provision in terms of construction as shared risk responsibilities among contractual parties. The findings further show that consultant-related risk responsibilities are: safety provision, the use of historical cost deviation, ensuring quality provision, and review of knowledge on budgeting. On the other hand, contractor-related risk responsibilities include: safety provision and ensuring quality provision. The findings of this study can be used by the practitioners and stakeholders as important lessons useful for controlling risks and making decisions when they intend to participate in such projects during the construction stage.

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Model for Managing the Contractual Risks of Construction Firms Imposed by the Procurement System

Cited by 5 publications

References 18 publications

Benefits and Level of Using Retention Bond for Construction Projects in Nigeria

Benefits and Level of Using Retention Bond for Construction Projects in Nigeria

Integrity Systems in Construction Organizations in Zambia

Risk Handling Responsibilities in Tanzanian Project-Based Organisations

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