scholarly journals Scoring model of risk assessment of construction projects

2021 ◽  
Vol 14 (4) ◽  
pp. 44-49
Author(s):  
E. Yu. Dorokhina
Keyword(s):  
Risk Assessment ◽  
Real Estate ◽  
Construction Projects ◽  
Scoring Model ◽  
Risk Categories

The article substantiates the possibility of using a scoring model to assess the risks of construction projects and real estate agencies. The problems of determining the weights of risk categories, individual risks and their factors are analyzed. Examples of using the model to solve practical problems are shown.

Risk Assessment of Competitive Procurement on Alabama Highway Projects with Texas Comparisions

1998 ◽  
Vol 1649 (1) ◽  
pp. 3-8
Author(s):  
Larry G. Crowley ◽  
Jared L. Madewell
Keyword(s):  
Risk Assessment ◽  
Project Performance ◽  
Performance Data ◽  
Specific Task ◽  
Public Agencies ◽  
Highway Projects ◽  
Construction Contracts ◽  
Cost Growth ◽  
The Cost ◽  
Risk Categories

Public agencies generally let construction contracts to the lowest responsible, responsive bidder. In following this practice, agencies recognize there are higher risks of cost growth in awarding to either unusually low bids or to certain “claim-conscious” bidders. Despite this awareness, there are few documented studies supporting or quantifying the presence of these perceived competitive procurement risks. This research undertakes that specific task. First, bids and bidders on a sample of Alabama highway projects are grouped into risk categories by information available at the project bid opening—well in advance of any potential contract award— and without considering actual project performance data. Second, the cost growth experiences of these projects are statistically analyzed based upon these risk groupings. The results indicate that cost growth on Alabama highway projects is significantly more likely when projects are awarded to unusually low bids or to certain bidder types. A similar study performed earlier on Texas highway projects provides nearly identical results. This type of analysis and the derived information can be used by public agencies to amend the procurement process and objectively disqualify unusually low bids or questionable bidders without abandoning competitive procurement principles.

scholarly journals Risk in the scope of research and innovative technological projects

2020 ◽  
pp. 58-67
Author(s):  
Rafał Hubicki ◽  
Maria Richert ◽  
Piotr Łebkowski ◽  
Joanna Kulczycka ◽  
Asja Mrotzek-Bloess
Keyword(s):  
Risk Factors ◽  
Risk Assessment ◽  
Assessment Methods ◽  
Individual Risk ◽  
Fruitful Cooperation ◽  
Specific Factors ◽  
The Subject ◽  
The Individual ◽  
Risk Categories ◽  
Management Of Risk

Assessment and management of risk constitute the subject of many researches. Nevertheless, many more specific factors are applicable during the implementation of innovative technological projects. On the article identified risk factors, which have been supplemented, systematized and assigned to the individual risk categories. The risk assessment methods for R&D projects have been analysed, as well as the risk sheets have been developed for the R&D project through the use of dotProject application. Also shown that networking and clustering is a change for fruitful cooperation within difference EU projects, which create trust between business and sciences and reduce the risk.

Successful Circular Bio-Based Construction Initiatives: Five Essentials from Case Studies

2022 ◽  
Author(s):  
Myron Koster ◽  
Irene Schrotenboer
Keyword(s):  
Real Estate ◽  
Case Studies ◽  
Construction Projects ◽  
Cost Effective ◽  
The Other ◽  
Initiation Phase ◽  
Property Owners ◽  
The Future ◽  
Product And Process

There are challenges surrounding circularity and the application of bio-based material in construction, but also potentials. This paper aims to identify success and fail factors for the initiation phase of construction projects and shows what is essential to realize affordable circular and bio-based. This was specifically investigated for initiators of construction projects, like real estate professionals, property owners and developers. Based on case studies, we describe what these actors should focus on and pursue before the actual construction starts. For the purpose of this paper, research was done and interviews were held with people involved in exemplary projects (case studies). The interviews focused on choices that were made during the initiation phase that were decisive for the degree of circularity and the extent to which bio-based materials were applied. Motivations and consequences were covered. We found that are five essentials for successful circular bio-based construction. These five essentials form the outline of this paper: 1. AFFORDABLE cost-effective & inclusive reuse; 2. FLEXIBLE prepare for future functions; 3. PASSIVE stay cool & healthy with bio-based materials; 4. INTEGRAL continuously reflect on circular bio-based benefits; 5. TRADITIONAL OWNERSHIP keep it, simple. In one case, all five essentials were put into practice, while in the other cases it was a combination of three or four essentials. The five essentials and cases in this paper can be used as inspiration for product and process and could help realize affordable and feasible circular bio-based constructions. By focusing on the essentials, initiators have guidance to prevent valuable resources (including energy) going to waste, today and in the future.

Sign in / Sign up

Export Citation Format

Share Document