Transcription of Risk allocations in construction contracts School of ...
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URVEYING. ! PRACTICE. ZHANG Shuibo, ZHANG Le, GAO Yuan Risk allocations in construction contracts School of management , Tianjin University, Tianjin 300072, People's Republic of China A Comparison of China's Standard Form of construction contract and FIDIC Conditions of contract for construction Abstract In the past two decades, risk management scholars, and practitioners as well, have been making great efforts in generalizing the risk allocation principles that Proper risk allocations in construction contracts can help facilitate producing the best possible project outcome. reduce such impacts and achieve management efficiency. A number of researchers have discussed the general An analysis of the risk allocations in FIDIC Conditions of principles on risk allocation in construction , for example, contract for construction in contrast with China's Standard Abrahamson (1973), Ashley (1977), Barnes (1983), Form of construction contract reveals that, while a number Ward, Chapman and Curtis (1991), Cheung (1997).
SURVEYORS Times! URVEYINGPRACTICE 35 Abstract Proper risk allocations in construction contracts can help reduce such impacts and achieve management efficiency.
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