Abstract:
In this paper, the risk sharing rules an investigated to characterize the contractual structure of the project contracts. The authors exclusively focus upon the GCW and t...Show MoreMetadata
Abstract:
In this paper, the risk sharing rules an investigated to characterize the contractual structure of the project contracts. The authors exclusively focus upon the GCW and the FIDIC forms, which can be regarded as typical examples of incomplete contract forms. Risks involved in construction works are classified into exogenous and endogenous ones. The paper claims that dear differences in both contract forms in coping with endogenous risks can be found, while there are no essential differences in dealing with exogenous ones. The paper concludes by summarizing the remaining research issues to be scrutinized in the future.
Date of Conference: 06-09 October 2002
Date Added to IEEE Xplore: 06 February 2003
Print ISBN:0-7803-7437-1
Print ISSN: 1062-922X