Risk Registers and Their Use as a Contract Document

摘要

Since the international version of the Code of Practice for Risk Management of Tunnel Works was introduced by ITIG in 2006, the use of a risk register to identify and manage project risk is increasingly becoming standard practice. The risk register has generally not been used during procurement or presented as a contract document for design-bid-build contracts. Can a risk register become a contract document in fixed price contract procurement? This paper looks around the World for guidance on how to better manage risk by transferring risk registers through procurement as a contract document. Tools such as pre-award risk negotiation, early notice of risks, and risk-related release of contingency will be assessed.