Risk and its management in the Kuwaiti construction industry : a contractors` perspective
By: KARTAM, Nabil A
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Contributor(s): KARTAM, Saied A.
Material type: 
ArticlePublisher: 2001International Journal of Project Management 19, 6, p. 325-335Abstract: This paper reports - on the basis of a questionnaire survey of the larges Kuwaiti contractors - a perspective of construction risk, and the effective actions taken for the management of such risks, particularly those of time and finances. The study, the first in Kuwait, focuses on the assesment, allocation and management of construction risks. The paper also presents two types of risk management methods: preventive, which are effective at the early stages of the project life, and mitigative, which are remedial actions aimed at risk minimization during construction. The research found that contractors show more willingness to accept risks that are contractual and legal-related rather than other types of risks. The research results also indicated that the application of the formal risk analysis techniques in the Kuwait construction industry is limited
| Item type | Current location | Collection | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| Periódico | Biblioteca Graciliano Ramos | Periódico | Not for loan |
This paper reports - on the basis of a questionnaire survey of the larges Kuwaiti contractors - a perspective of construction risk, and the effective actions taken for the management of such risks, particularly those of time and finances. The study, the first in Kuwait, focuses on the assesment, allocation and management of construction risks. The paper also presents two types of risk management methods: preventive, which are effective at the early stages of the project life, and mitigative, which are remedial actions aimed at risk minimization during construction. The research found that contractors show more willingness to accept risks that are contractual and legal-related rather than other types of risks. The research results also indicated that the application of the formal risk analysis techniques in the Kuwait construction industry is limited
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