Risk Management of Changes & Claims in Construction Project
Yuan Hong-chuan
Abstract
Yuan Hong-chuan
Abstract
Changes and claims are in general almost inevitable in the construction project. At the tendering stage, the owner and contractors should take account of the risks carefully in the project and take appropriate measures to avoid the changes. As any changes occur, the disputes and claims must be settled rationally and timely, so as to guarantee the project can develop in an orderly way.
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Changes and claims are in general almost inevitable in the construction project. At the tendering stage, the owner and contractors should take account of the risks carefully in the project and take appropriate measures to avoid the changes. As any changes occur, the disputes and claims must be settled rationally and timely, so as to guarantee the project can develop in an orderly way.
Key concepts: Procurement, Risk analysis (engineering), Business, Project management, Project management triangle, Process management, Operations management, Construction engineering