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2012 IEEE Colloquium on Humanities, Science and Engineering Research (CHUSER 2012), December 3-4, 2012, Kota Kinabalu,
Sabah Malaysia
Aftab
Hameed Memmon, Nurhidayah Jamil,
Faculty of Civil & Environmental Engineering
I.
INTRODUCTION
RELATED RSEARCH
contract provision risk are the risk factors that occur due to
legal changes and unsupportive government policies. In terms
of finance, risk factors occur due to inadequate hedging of
revenue streams and financing costs. In design risk category,
the risk factors occur due to faulty from technical aspect and
late amendment, while risk factors occurring due to the lack of
enforcement are categorised as environmental risks.
TABLE I.
Risk Category
Construction
Politics &
Contract
Provision
Finance
Design
Environmental
Risk factor
Land acquisition
Shortage of equipment
Shortage of material
Late deliveries of material
Poor quality of workmanship
Site safety
Insolvency of subcontractors
Inadequate planning
Weather
Insolvency of suppliers
Change in law and regulation
Delay in project approval and permit
Inconsistencies in government policies
Excessive contract variation
Poor supervision
Bureaucracy
Compliance with Government
Delay in payment for claim
Cash flow difficulties
Lack of financial resources
Improper design
Change
Pollutionof scope
Ecological damage
Compliance with law and regulation
for environment issue
Figure 2.
Figure 3.
TABLE II.
Risk Factor
Shortage of material
Late deliveries of
material
Shortage of equipment
Poor quality of
workmanship
Cash flow difficulties
Insolvency of
subcontractors
Inadequate planning
Rank
Group
0.735
Construction
0.733
Construction
0.721
Construction
0.720
Construction
0.712
Finance
0.700
Construction
0.700
Construction
Insolvency of suppliers
0.691
Construction
0.688
Bureaucracy
0.688
Politics
& Contract
provision
Politics & Contract
provision
0.682
Finance
Lack of financial
resource
Site safety
Delay in payment for
claim
Change scope of work
Poor supervision
Weather
Compliance with
government
Delay in project
approval and permits
Land acquisiti on
Inconsistencies in
government policies
Pollution
Excessive contract
variation
Ecological damage
Compliance with law
and regulation for
environment issue
Improper design
0.674
10
Construction
0.671
11
Finance
0.671
11
0.657
12
Design
Politics & Contract
provision
Construction
Politics & Contract
provision
Politics & Contract
provision
Construction
Politics & Contract
provision
0.647
13
0.629
14
0.624
15
0.618
16
0.612
17
0.606
0.594
18
19
0.589
20
Environmental
Politics & Contract
provision
Environmental
0.577
21
Environmental
0.463
22
Design