Accession Number:

ADA071623

Title:

Construction Contract Risk Assignment.

Descriptive Note:

Final rept.,

Corporate Author:

CONSTRUCTION ENGINEERING RESEARCH LAB (ARMY) CHAMPAIGN IL

Personal Author(s):

Report Date:

1979-06-01

Pagination or Media Count:

70.0

Abstract:

This report presents the results of an investigation to determine the cost effects of varying the assignment of risk between the owner and contractor in firm fixed-price contruction contracts. Among the topics included are a working definition of risk, a risk classification upon which a construction process risk model is based, a discussion of techniques for contractually assigning risk, a discussion of the applicability of utility theory for analyzing the assignment of risk in construction, an example which models the cost effects of varying the assignment of risks, and implementation considerations. Author

Subject Categories:

  • Administration and Management
  • Structural Engineering and Building Technology

Distribution Statement:

APPROVED FOR PUBLIC RELEASE