Risk Factors Identification from Contractors Perspective
Numerous studies on the distribution of building dangers have been conducted during the last few decades. Even though the current study gives significant insights into the matter, construction industry members are nonetheless concerned about the risks of contracting. A study product was developed t...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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The University of Lahore
2022-09-01
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| Series: | Pakistan Journal of Engineering & Technology |
| Subjects: | |
| Online Access: | https://www.hpej.net/journals/pakjet/article/view/2061 |
| _version_ | 1811258325594013696 |
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| author | M. Owais Khan Rehman Akhtar Ihtisham ul Haq |
| author_facet | M. Owais Khan Rehman Akhtar Ihtisham ul Haq |
| author_sort | M. Owais Khan |
| collection | DOAJ |
| description |
Numerous studies on the distribution of building dangers have been conducted during the last few decades. Even though the current study gives significant insights into the matter, construction industry members are nonetheless concerned about the risks of contracting. A study product was developed to help contracting parties identify, quantify, and assign each construction risk to address this issue. To supplement the model worksheets, flowcharts were created to determine which party should carry which risk, legal research was conducted, and risk allocation guidelines were produced to generate acceptable contract language to address the identified risks. This article focuses on the most significant risks to the project's timeliness, quality, and budget.
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| first_indexed | 2024-04-12T18:11:36Z |
| format | Article |
| id | doaj.art-f1cc9022af6841d18cfbee215ad0a4e8 |
| institution | Directory Open Access Journal |
| issn | 2664-2042 2664-2050 |
| language | English |
| last_indexed | 2024-04-12T18:11:36Z |
| publishDate | 2022-09-01 |
| publisher | The University of Lahore |
| record_format | Article |
| series | Pakistan Journal of Engineering & Technology |
| spelling | doaj.art-f1cc9022af6841d18cfbee215ad0a4e82022-12-22T03:21:48ZengThe University of LahorePakistan Journal of Engineering & Technology2664-20422664-20502022-09-015210.51846/vol5iss2pp221-225Risk Factors Identification from Contractors PerspectiveM. Owais Khan0Rehman Akhtar1Ihtisham ul Haq2Department of Industrial Engineering University of Engineering and Technology Peshawar PakistanDepartment of Industrial Engineering University of Engineering and Technology Peshawar PakistanDepartment of Mechatronics Engineering University of Engineering and Technology Peshawar Pakistan Numerous studies on the distribution of building dangers have been conducted during the last few decades. Even though the current study gives significant insights into the matter, construction industry members are nonetheless concerned about the risks of contracting. A study product was developed to help contracting parties identify, quantify, and assign each construction risk to address this issue. To supplement the model worksheets, flowcharts were created to determine which party should carry which risk, legal research was conducted, and risk allocation guidelines were produced to generate acceptable contract language to address the identified risks. This article focuses on the most significant risks to the project's timeliness, quality, and budget. https://www.hpej.net/journals/pakjet/article/view/2061Risk categories, risk identification, contracting, legal risks |
| spellingShingle | M. Owais Khan Rehman Akhtar Ihtisham ul Haq Risk Factors Identification from Contractors Perspective Pakistan Journal of Engineering & Technology Risk categories, risk identification, contracting, legal risks |
| title | Risk Factors Identification from Contractors Perspective |
| title_full | Risk Factors Identification from Contractors Perspective |
| title_fullStr | Risk Factors Identification from Contractors Perspective |
| title_full_unstemmed | Risk Factors Identification from Contractors Perspective |
| title_short | Risk Factors Identification from Contractors Perspective |
| title_sort | risk factors identification from contractors perspective |
| topic | Risk categories, risk identification, contracting, legal risks |
| url | https://www.hpej.net/journals/pakjet/article/view/2061 |
| work_keys_str_mv | AT mowaiskhan riskfactorsidentificationfromcontractorsperspective AT rehmanakhtar riskfactorsidentificationfromcontractorsperspective AT ihtishamulhaq riskfactorsidentificationfromcontractorsperspective |