Contractor risks in red FIDIC contract : a case study of Boo Phu Ninh water treatment plant in Quang Nam Province, Vietnam | |
| Author | Vo Thanh Phong |
| Call Number | AIT Proj. no.MPM-CM-19-20 |
| Subject(s) | Contracts--Risk management Construction contracts--VietnamFIDIC plant and design-build forms of contract |
| Note | A project submitted in partial fulfillment of the requirements for the degree of Master of Engineering (Professional) in Construction Engineering and Infrastructure Management |
| Publisher | Asian Institute of Technology |
| Abstract | Vietnam is a developing country, the construction industry in our country is developing rapidly in terms of scale and form with many different types of projects. The phases of the project need to be focused and closely monitored, so the construction phase is the longest and has the most difficulties in the project implementation process. This phase will have many impact factors that have the most powerful influence compared to other phases of a construction project. Changes in politics, domestic or foreign economy have a significant impact on Vietnam's economy, causing construction work, which is characterized by the price of construction materials or labor or employees' psychology. Change management will affect the management of construction. Besides, the labor and management qualifications in the field of industrial and civil construction are also limited, the working style is not professional leading to passive management and control, and inefficient . That is one of the reasons exist risks for the construction process. These risks often cause costly damages to overcome. Therefore, we need to have a different, more distant vision in construction management to minimize risks and devise measures to prevent and prevent risks if they occur and the organization must implement measures legal risk management or risk tolerance at an allowable level. Currently, there are many research programs and documents on risk management in the construction industry. However, these documents address only common risks and the fact that there is no common process to manage risk in the most effective way, but each organization must devise a program to assess. Risks that the project they are implementing and will implement in the future. Thus, assessment and risk control are subjective and not comprehensive in many ways. |
| Year | 2019 |
| Type | Project |
| School | School of Engineering and Technology (SET) |
| Department | Department of Civil and Infrastucture Engineering (DCIE) |
| Academic Program/FoS | Construction Engineering and Infrastructure Management (Professional Master) (MPM-CM) |
| Chairperson(s) | Hadikusumo, Bonaventura H.W.; |
| Examination Committee(s) | Chotchai Charoenngam;Wasan Teerajetkul; |
| Degree | Project (M. Eng.) - Asian Institute of Technology, 2019 |