Clients’ risks associated with different building procurement methods

P. Pernu, J. Kiiras, T. Peltonen

Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review

Abstract

Clients can use procurement options both to manage risks and to achieve set project objectives. For that purpose one possible risk treatment method is presented in this paper. The method contains a definition of risk suitable for building procurement, a classification for project objectives, and three categories of risk sources. With the help of this method the client is able to choose appropriate procurement options both to promote positive project outcomes and to hinder negative ones. The basis for this work has been to describe the different procurement options by disjoining the known procurement paths into separate items.

Original languageEnglish
Title of host publicationManaging Risks in Projects
Pages294-303
Number of pages10
ISBN (Electronic)9781135274214
Publication statusPublished - 1 Jan 2013
MoE publication typeA3 Part of a book or another research book

Keywords

  • Building procurement
  • Client
  • Contract form
  • Contractor
  • Design
  • Objectives
  • Obstacles
  • Risks
  • Supplies
  • Tender

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