Risk assessment related to the choice of contractors performing the job

Abstract

Construction and investment projects inherent risks in an extremely wide range of human activity fields. An analysis of risks from the viewpoint of management and mitigation is conducted in this article. Particular attention is paid to the analysis of risk events related to the choice of an unqualified contractors performing the job. The compliance of duration implementation project, the budget amount, and the quality of performed work depend on this choice. The contractors risk assessment methods analysis showed that besides the overall criterion for all methods connected to the cost of work it is vital to take into account the qualifications, reputation, material and technical base of a contractor, the time and quality of the work performed previously. Existing methods with criteria of the choice of contractors performing the job are considered. The universal methodology with a set of criteria that satisfies all construction process participants, and based on publicly accessible information about companies and their experience is essential.

Readiness of Regions for Digitalization of the Construction Complex

“…Therefore, it is necessary to apply such technology that would allow for the achievement of all the goals of the construction project within the established budget and on time. BIM is such a technology [8][9][10][11][12][16][17][18][19][20][21][22][23][24][25][26][27][28][29][30][31][32].…”

“…This fact is substantiated by a review of scientific works by Russian and foreign authors [16][17][18][19][20][21][22][23][24][25][26][27][28][29][30][31][32] [16][17][18][19], much attention is paid to the development and implementation of BIM technology in investment and construction projects, as well as the development of BIM technology in alternative areas of everyday life. The authors of [20][21][22][23][24][25] consider different dangers in the construc-tion industry and propose to evaluate various risks that are already at the design stage, using a 3D model of the future project, creating an algorithm that allows one to analyze new threats and warn participants of the future construction project. Zhang S. et al and Vacharapoom Benjaoran et al in [26,27], BIM technologies are considered in the process of urban planning, when the use of these technologies can stimulate the development of the city cadaster.…”