Managing Risk in the Pursuit of Large-Scale Construction Projects

摘要

Risk is an unavoidable characteristic of large-scale construction projects. From a contractor's perspective, the key to a successtul project and the recognition of a reasonably anticipated profit is the robust identification, quantification and mitigation of risk. Of the multiple stages of the life cycle of a construction project, perhaps the most important and critical stage with respect to risk management is the pursuit and bidding phase.