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http://dx.doi.org/10.12652/Ksce.2022.42.3.0439

Deriving Key Risk Sub-Clauses of FIDIC Conditions of Standard Subcontract -Based on FIDIC Conditions of Subcontract for Construction, edition 2011-  

Hong, Seong Yeoll (Chungbuk National University)
Jei, Jae Yong (Chungbuk National University)
Seo, Sung Chul (Chungbuk National University)
Park, Hyung Keun (Chungbuk National University)
Publication Information
KSCE Journal of Civil and Environmental Engineering Research / v.42, no.3, 2022 , pp. 439-448 More about this Journal
Abstract
Recently, domestic small and medium-sized subcontractors participating in the overseas construction market are suffering from the continuous loss and damage due to the insufficient recognition of the importance of risk Sub-Clauses among conditions of subcontracts. Therefore, the need to derive risk Sub-Clauses for conditions of the subcontract has been raised, but until now, previous studies have been conducted focusing on deriving risk Sub-Clauses for standard conditions of contract for construction between the Employer and the Contractor. In this study, 52 risk Sub-Clauses were derived on the basis of the influence size of the Sub-Clauses through the Delphi technique targeting 94 Sub-Clauses of conditions of standard subcontract for construction edition 2011, issued by the International Federation of Consulting Engineers (FIDIC) and In addition, 33 key risk Sub-Clauses were finally derived through the PI Risk Matrix by Probability and Impact. The results of this study provide will useful information on key risk Sub-Clauses that need to be reviewed in advance to minimize contractual risks at the stage of bidding and signing contracts for overseas subcontract construction projects.
Keywords
Small and medium-sized subcontractor; Conditions of subcontract for construction; Key risk sub-clauses; Delphi technique; FIDIC; PI risk matrix;
Citations & Related Records
Times Cited By KSCI : 3  (Citation Analysis)
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