Developing a Risk Management Process for General Contractors in the Bidding Stage for Design–Build Projects in Vietnam

Buildings

Hyeongjae Jang¹  Duy-Hoang Pham²  Dang-Huy Ly²  Yong-Han Ahn³  Ngoc-Khue Tran⁴ 

[1] Department of Architectural Engineering, ERICA Campus, Hanyang University, Ansan 15588, Korea;Department of Smart City Engineering, ERICA Campus, Hanyang University, Ansan 15588, Korea;School of Architecture and Architectural Engineering, ERICA Campus, Hanyang University, Ansan 15588, Korea;Technical & Tender Department, RICONS Group Construction Investment JSC, COTECCONS Group, Ho Chi Minh City 70000, Vietnam;

关键词: risk management;    tendering;    bidding;    design–build;    Vietnam;   

DOI  :  10.3390/buildings11110542

来源: DOAJ

【 摘 要 】

Design–build (DB) projects have become increasingly popular for construction projects in developing countries due to the cost and scheduling advantages and their design optimization ability. As a result, much research has been conducted on improving DB efficiency in terms of cost, scheduling, risk management, etc. However, the existing studies have mainly focused on the owner’s roles, whereas general contractors (GCs) must also take many risks on behalf of owners in DB projects. The adequate identification and assessment of risks before engaging a contractor can increase the likelihood of a project’s success, at least from a DB contractor’s perspective. Therefore, this study interviewed procurement experts to conduct a survey at the local level, then analyzed, developed, and proposed an additional risk management process (RMP) for use by GCs during the bidding process of DB projects. A case study was conducted with a large Vietnamese GC to evaluate the effectiveness of the process and find ways to optimize it in the future. The results of the study showed that risk management during a DB project is imperative. Nevertheless, preparing bids is time-consuming and increases the contingency costs, reducing the competitiveness of the bid prices for contractors. Therefore, depending on the specific project and risk management objectives, an RMP is recommended for adjusting the risk management target to reduce the risk, while still maintaining the competitiveness of the bid prices.

【 授权许可】

Unknown