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Identifying and managing risk in international construction projects
Joint Authors
Kerur, Sachin
Marshall, William
Source
Issue
Vol. 2012, Issue 1 (31 Dec. 2012), pp.1-14, 14 p.
Publisher
Qatar University College of Law (Previously) / Qatar University Qatar University Press (Currently)
Publication Date
2012-12-31
Country of Publication
Qatar
No. of Pages
14
Main Subjects
Abstract EN
Over the last decade, major construction projects have increasingly arisen in countries or regions that lack specialist, expert construction contractors, suppliers and consultants.
Steps are being taken by governments in the Middle East, Eastern Europe, China, India and developing markets to address national infrastructure deficits, and by so doing, are creating new regions of booming construction demand.
When coupled with anaemic growth in developed markets such as the United Kingdom, the USA and Western Europe, foreign markets present attractive opportunities to the global construction industry.
However, foreign markets are littered with the cautionary tales of international contractors and consultants that have failed to grasp the intricacies and risks of operating in a new environment and have failed to capitalise on the opportunities available.
By identifying the classes of risks, and undertaking detailed analysis, ranking and mitigation of relevant jurisdictional risks, participants in international construction projects will increase the likelihood of project success and commercial longevity in the new jurisdiction.
Risk identification and assessment is not a science but an art, and while there are many potential approaches to the issue, we propose that our strategies for identifying, assessing, ranking and mitigating jurisdictional risks offer new international players a good chance of commercial success.
American Psychological Association (APA)
Kerur, Sachin& Marshall, William. 2012. Identifying and managing risk in international construction projects. International Review of Law،Vol. 2012, no. 1, pp.1-14.
https://search.emarefa.net/detail/BIM-974589
Modern Language Association (MLA)
Kerur, Sachin& Marshall, William. Identifying and managing risk in international construction projects. International Review of Law No. 1 (2012), pp.1-14.
https://search.emarefa.net/detail/BIM-974589
American Medical Association (AMA)
Kerur, Sachin& Marshall, William. Identifying and managing risk in international construction projects. International Review of Law. 2012. Vol. 2012, no. 1, pp.1-14.
https://search.emarefa.net/detail/BIM-974589
Data Type
Journal Articles
Language
English
Notes
Includes margin notes.
Record ID
BIM-974589