How to allocate risks in construction contracts

https://doi.org/10.1016/0263-7863(83)90034-0Get rights and content

Abstract

Principles of risk allocation are discussed and a risk-allocation algorithm is proposed.

References (7)

  • CE Porter

    Risk allocation in construction contracts

  • CA Erikson

    Risk sharing in construction contracts

  • NML Barnes et al.

    Bidding strategies and company performance in process plant contracting

There are more references available in the full text version of this article.

Cited by (58)

  • Evolution of project studies through the lens of engaged scholarship: A longitudinal bibliometric analysis

    2022, International Journal of Project Management
    Citation Excerpt :

    The most prominent articles from academia focused primarily on critical success factors (e.g., Cooper, 1979; Pinto & Covin, 1989; Pinto & Prescott, 1988; Pinto & Slevin, 1987) and management of R&D projects (e.g., Katz & Tushman, 1981; Liberatore, 1987). Practitioner publications that attracted greatest attention of the project scholarship focused on measuring project success (e.g., de Wit, 1988), risks and uncertainty (e.g., Baker, 1986; Barnes, 1983) and decision making (e.g., Booker & Bryson, 1985; Fox & Baker, 1985). The most prominent articles emerging from collaborative research between academia and practice offered novel insights about project selection, evaluation and termination (e.g., Ahuja & Nandakumar, 1985; Bard et al., 1988; Khorramshahgol & Steiner, 1988; Khorramshahgol et al., 1988) and management of construction projects (e.g., Cooper et al., 1985; Hinze & Raboud, 1988; Levitt et al., 1988; McGartland & Hendrickson, 1985; O'Connor & Tucker, 1986).

  • Sustainability as a new school of thought in project management

    2017, Journal of Cleaner Production
    Citation Excerpt :

    This school considers the project as a (legal) entity and focuses on the governance of this entity and the relationships between project participants. The contract sub-school of this school views the project as an interface between two legal entities, client and contractor, and describes how that interface should be managed (Barnes, 1983). The temporary organization sub-school studies the mechanisms of governance between the project as a temporary organization (Lundin and Söderholm, 1995; Turner and Müller, 2003) and the permanent “project oriented” organization that hosts the project.

  • Cognition and action in construction project organising

    2023, A Research Agenda for Construction Management
View all citing articles on Scopus
View full text