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http://dx.doi.org/10.6106/KJCEM.2017.18.2.071

A Performance Analysis of Risk Management for International Construction Project Conducted by Small & Medium Subcontractors  

Jung, Wooyong (Department of Civil and Environmental Engineering, Yonsei University)
Lee, Baul (Department of Civil and Environmental Engineering, Yonsei University)
Han, Seungheon (Department of Civil and Environmental Engineering, Yonsei University)
Publication Information
Korean Journal of Construction Engineering and Management / v.18, no.2, 2017 , pp. 71-80 More about this Journal
Abstract
In recent years, the reduction of international award and project loss by Korean contractors have become a big issue not only in industry but also in academic fields. However, many researches have not focused on small and medium subcontractors but on the large contractors, even though the number of international project by small and medium companies is more than by large companies. Therefore, this study focuses on analyzing the predicted risk before bid and the actual risk after award in international subcontracting projects. In addition, it provides the difference between project performances according to the contract types and the project profitability. This study is expected to give more informed risk knowledge to small and medium subcontractors, which enables them to pay attention to managing risk for better project performances.
Keywords
International Subcontract Project; Small and Medium Company; Risk; Contract; Profitability;
Citations & Related Records
Times Cited By KSCI : 3  (Citation Analysis)
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