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Costantino, N and Pietroforte, R (2004) Note - Production arrangements by US building and non-building contractors: an update. Construction Management and Economics, 22(03), 231-5.

Giritli, H and Oraz, G T (2004) Leadership styles: some evidence from the Turkish construction industry. Construction Management and Economics, 22(03), 253-62.

Goodrum, P M and Gangwar, M (2004) The relationship between changes in equipment technology and wages in the US construction industry. Construction Management and Economics, 22(03), 291-301.

Leung, M-Y, Ng, S T and Cheung, S-O (2004) Measuring construction project participant satisfaction. Construction Management and Economics, 22(03), 319-31.

Low, S P and Hongbin, J (2004) Estimation of international construction performance: analysis at the country level. Construction Management and Economics, 22(03), 277-89.

Minami, K (2004) Whole life appraisal of the repair and improvement work costs of Post Office buildings in Japan. Construction Management and Economics, 22(03), 311-8.

Tang, S L, Aoieong, R T and Ahmed, S M (2004) The use of process cost model (PCM) for measuring quality costs of construction projects: model testing. Construction Management and Economics, 22(03), 263-75.

Wang, S Q, Dulaimi, M F and Aguria, M Y (2004) Risk management framework for construction projects in developing countries. Construction Management and Economics, 22(03), 237-52.

  • Type: Journal Article
  • Keywords: Risk management; risk identification; risk mitigation; risk model; international construction project; developing countries
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/0144619032000124689
  • Abstract:

    It is important to manage the multifaceted risks associated with international construction projects, in particular in developing countries, not only to secure work but also to make profit. This research seeks to identify and evaluate these risks and their effective mitigation measures and to develop a risk management framework which the international investors/developers/contractors can adopt when contracting construction work in developing countries. A survey was conducted and twenty-eight critical risks were identified, categorized into three (country, market and project) hierarchical levels and their criticality evaluated and ranked. For each of the identified risks, practical mitigation measures have also been proposed and evaluated. Almost all mitigation measures have been perceived by the survey respondents as effective. A risk model, named Alien Eyes’ Risk Model, which shows the hierarchical levels of the risks and the influence relationship among the risks, is also proposed. Based on the findings, a qualitative risk mitigation framework was finally proposed which will benefit the risk management of construction project in developing countries.

Wild, A (2004) Re-interpreting the Building Industry Communications Research Project. Construction Management and Economics, 22(03), 303-10.