Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/22135
Title: Risk assessment model of tendering for Chinese building projects
Authors: Fang, D
Fong, PSW 
Li, M
Keywords: China
Construction industry
Contractors
Regression models
Risk management
Issue Date: 2004
Publisher: American Society of Civil Engineers
Source: Journal of construction engineering and management, 2004, v. 130, no. 6, p. 862-868 How to cite?
Journal: Journal of construction engineering and management 
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.
URI: http://hdl.handle.net/10397/22135
ISSN: 0733-9364
EISSN: 1943-7862
DOI: 10.1061/(ASCE)0733-9364(2004)130:6(862)
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