Contractual risks of SME contractors : a case study of mechanical and electrical contractor | |
| Author | Vo Quoc Vinh |
| Call Number | AIT Proj. no.MPM-CM-10-24 |
| Subject(s) | Construction contracts--Risk management Contractors Small business--Risk management |
| Note | A project submitted in partial fulfillment of the requirements for the degree of Master in Engineering (Professional) in Construction Engineering and Infrastructure Management, School of Engineering and Technology |
| Publisher | Asian Institute of Technology |
| Series Statement | Project ; no. MPM-CM-10-24 |
| Abstract | This report reviews the theory of contractual risks in terms of project delays with no compensation, delays in payment with no penalty, work changes by the Client, delays in site inspection and acceptance for quantity of work done, omissions by the Client from the signed contract, and so on.From a detailed literature review, the report explores major risks that SME Contractors often face during the construction stage throughout a case study. The collected information from the case reflects the hypothesis that the Client has used an unfair treatment to the Contractor by the application of the Contract –obviously prepared by the Client.The report also suggests some recommendationsto minimize the risks from the construction contract in the stake of SME Contractors. These suggestions will somehow help them control the benefits from the protection of losses in the implementation of the contracts. On the other hand, the report asks for a fair treatment from the owners of projects in term of win-win negotiation in the contract preparation by using the theory of FIDIC, ICE Conditions of Contractand other useful, reliable sources.Hopefully, this report will show the contribution to a better environment of risk reduction in the construction contracts from its findings, analysis and recommendations. It is studied especially for the legal support to SME Contractors in construction industry in Vietnam. |
| Year | 2010 |
| Corresponding Series Added Entry | Asian Institute of Technology. Project ; no. MPM-CM-10-24 |
| Type | Project |
| School | School of Engineering and Technology (SET) |
| Department | Department of Civil and Infrastucture Engineering (DCIE) |
| Academic Program/FoS | Construction Engineering and Infrastructure Management (Professional Master) (MPM-CM) |
| Chairperson(s) | Hadikusumo, Bonaventura H.W.; |
| Examination Committee(s) | Chotchai Charoenngam ;Santi Charoenpornpattana; |
| Degree | Project (M. Eng.) - Asian Institute of Technology, 2010 |