Title: Contingency Use and Project Delivery Influence on Infrastructure Project Risk Assessment
Abstract: Risk assessment and management in infrastructure projects is considered one of the main factors that can enhance project success. Project team perceptions on risk identification are important to develop a risk mitigation strategy. Cost overruns are one of the critical risks in this industry, which have been mitigated by allocating a contingency amount to the initial cost estimate. The aim of this study was to understand the use of project contingency by the owner and contractor. Additionally, it analyzed the project delivery methods that entice the use of intensive project risk assessment procedures, especially in infrastructure construction projects. It was found as one of the factors that drive the use of risk assessment.
Publication Year: 2020
Publication Date: 2020-12-22
Language: en
Type: book-chapter
Indexed In: ['crossref']
Access and Citation
Cited By Count: 3
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