Risk assessment model of tendering for Chinese building projects

Dongping Fang, Sik Wah Fong, Mingen Li

Research output: Journal article publicationJournal articleAcademic researchpeer-review

13 Citations (Scopus)

Abstract

This paper presents a risk assessment model for tendering of Chinese building projects on the basis of identification and evaluation of the major risk events in the Chinese construction market, investigations and interviews from which the factors inducing the risk events were determined, questionnaires on building projects within China's borders, and the logistic regression method. The findings show that, to a certain extent, the risk of tendering for projects and the risk of a contracted project can be assessed through analysis of factors such as owner type, source of project financing, existence or lack of past cooperation between contractors and owners, the intensity of competition for tendering, the reasonableness of the bid price, and the degree of support from the contracting company to its projects. The model can serve as a supplementary tool for Chinese contractors in making decisions for project tendering within Chinese borders. At the same time, it is of reference significance for international contractors, enabling them to further understand the risks in the contract market for Chinese building projects.
Original languageEnglish
Pages (from-to)862-868
Number of pages7
JournalJournal of Construction Engineering and Management
Volume130
Issue number6
DOIs
Publication statusPublished - 1 Nov 2004

Keywords

  • China
  • Construction industry
  • Contractors
  • Regression models
  • Risk management

ASJC Scopus subject areas

  • Building and Construction
  • Civil and Structural Engineering
  • Industrial and Manufacturing Engineering

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