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Please use this identifier to cite or link to this item:

http://hdl.handle.net/20.500.12358/26453
TitleRisk management in building projects in Palestine: Contractors’ perspective
Untitled
Abstract

The construction industry is widely associated with a high degree of risk and uncertainty due to the nature of its operating environment. This research study seeks to identify and evaluate key risk factors and their preventive and mitigating measures in building projects in Palestine. It also seeks to investigate the severity and allocation of each identified risk factor according to the contractors’ perspective. A questionnaire survey was conducted and a total of forty-four critical risk factors were identified and categorized into nine groups. Research findings identify financial failure of the contractor to be the most important risk factor followed closely by two factors namely, working in dangerous areas and border closure. The results also indicate that close supervision is seen as the most effective risk mitigating method. The paper recommends that contracting companies should identify and adequately quantify project risk factors. Adding a risk premium to quotation and time estimation has to be supported by governmental owner organizations and other agencies in the local construction sector. Training courses should also be provided to construction professionals on how to deal with and minimize risks in building projects.

Authors
Enshassi, Adnan
Mohamed, Sherif
Abu Mosa, Jaser
TypeJournal Article
Date2008
Subjects
contractors
risk allocation
risk management
building projects
Published inEmirates Journal for Engineering Research
SeriesVolume: 13, Number: 1
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  • Staff Publications- Faculty of Engineering [908]
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The institutional repository of the Islamic University of Gaza was established as part of the ROMOR project that has been co-funded with support from the European Commission under the ERASMUS + European programme. This publication reflects the views only of the author, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

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The institutional repository of the Islamic University of Gaza was established as part of the ROMOR project that has been co-funded with support from the European Commission under the ERASMUS + European programme. This publication reflects the views only of the author, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

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