Analysis risk in the contracting business
Keywords:
construction industry, construction, contracting business, literature review, risk analysisAbstract
The purpose of this article is to analyze the indicators and risk categories of contractor construction industry service providers. This research method uses literature review and is strengthened by Focus Group Discussion (FGD). The literature review aims to increase the understanding and find appropriate sources for research, which are obtained from sources that will be the basis of this research. From the literature review also obtained the risk factors to be studied. Furthermore, the results of the literature review are carried out in FGDs, to see their relevance to field needs. The selected FGD participants were construction service providers in the contractor sector. There are 2 risk factors to identify risk for construction service providers in the field of contractors in handling projects, namely risks in the management/office and risks in the field. Construction service providers in construction work need to carry out a detailed post cost analysis of risks at each stage of the construction business process in management and risk in the field by distinguishing between the pre-tender process, the construction process, and the maintenance period.
Downloads
References
Akintoye, A. S., & MacLeod, M. J. (1997). Risk analysis and management in construction. International journal of project management, 15(1), 31-38. https://doi.org/10.1016/S0263-7863(96)00035-X
Al-Bahar, J. F., & Crandall, K. C. (1990). Systematic risk management approach for construction projects. Journal of construction engineering and management, 116(3), 533-546.
Budy, V. (2022). Indonesia's National GDP According to Business Fields on the Basis of Prevailing Prices,
Fisk, E. R., & Reynolds, W. D. (1988). Construction project administration. New York: Wiley.
Gunawan, A. (2008). Risk Management in Contracting Companies Handling Government Projects. Final Project, Civil Engineering Study Program, Petra Christian University, Faculty of Civil Engineering and Planning, Surabaya.
Kerzner, H. (2002). Strategic planning for project management using a project management maturity model. John Wiley & Sons.
Kholis, N., Budi Utomo, H., Hadi, S., Mardapi, D. (2020). The awareness and readiness of construction service provider in facing the global era: A case study in Purworejo, Indonesia. International Journal of Advanced Science and Technology, 29 (5), pp. 2981-2986.
Labombang, M. (2011). Risk Management In Construction Projects', SMARTek Journal, 9(1), pp. 39–46.
Lim, S., Buswell, R. A., Le, T. T., Austin, S. A., Gibb, A. G., & Thorpe, T. (2012). Developments in construction-scale additive manufacturing processes. Automation in construction, 21, 262-268. https://doi.org/10.1016/j.autcon.2011.06.010
Loosemore, M., Raftery, J., Reilly, C., & Higgon, D. (2012). Risk management in projects. Routledge.
Ortiz, O., Castells, F., & Sonnemann, G. (2009). Sustainability in the construction industry: A review of recent developments based on LCA. Construction and building materials, 23(1), 28-39. https://doi.org/10.1016/j.conbuildmat.2007.11.012
Pacheco-Torgal, F., & Jalali, S. (2012). Earth construction: Lessons from the past for future eco-efficient construction. Construction and building materials, 29, 512-519. https://doi.org/10.1016/j.conbuildmat.2011.10.054
Pinto, A., Nunes, I. L., & Ribeiro, R. A. (2011). Occupational risk assessment in construction industry–Overview and reflection. Safety science, 49(5), 616-624. https://doi.org/10.1016/j.ssci.2011.01.003
Project Management Institute. (2017). A Guide To The Project Management Or Body Of Knowledge. 6th edn. Pennsylvania: Project Management Institute.
Purwantoro, A., Aditama, S., & Andini, N. (2018). ANALISIS FAKTOR-FAKTOR RISIKO PADA KONTRAKTOR DI KOTA PALANGKA RAYA YANG MENANGANI PROYEK PEMERINTAH. Jurnal Teknika: Jurnal Teoritis dan Terapan Bidang Keteknikan, 1(2), 114-128.
Raharjo, K., Nurjannah, N., Solimun, S., & Fernandes, A. A. R. (2018). The influence of organizational culture and job design on job commitment and human resource performance. Journal of Organizational Change Management.
Setyowulan, R., Isnurhadi, I., Widiyanti, M., & Adam, M. (2020). Business risk and sales on the value of manufacture companies with capital structure as intervening variables in stock exchange. International Research Journal of Management, IT and Social Sciences, 7(5), 139–148. https://doi.org/10.21744/irjmis.v7n5.982
Seuring, S., & Müller, M. (2008). From a literature review to a conceptual framework for sustainable supply chain management. Journal of cleaner production, 16(15), 1699-1710. https://doi.org/10.1016/j.jclepro.2008.04.020
Shang, T., Zhang, K., Liu, P., & Chen, Z. (2017). A review of energy performance contracting business models: Status and recommendation. Sustainable cities and society, 34, 203-210. https://doi.org/10.1016/j.scs.2017.06.018
Shen, L. Y., Wu, G. W., & Ng, C. S. (2001). Risk assessment for construction joint ventures in China. Journal of construction engineering and management, 127(1), 76-81.
Snyder, H. (2019). Literature review as a research methodology: An overview and guidelines. Journal of business research, 104, 333-339. https://doi.org/10.1016/j.jbusres.2019.07.039
Suryanata, I. G. N. P., & Pemayun, A. G. P. (2018). Contribution of business society credit increasing for society income: Tambawu village Denpasar Bali. International Research Journal of Management, IT and Social Sciences, 5(4), 71–79. https://doi.org/10.21744/irjmis.v5n4.265
von Branconi, C., & Loch, C. H. (2004). Contracting for major projects: eight business levers for top management. International Journal of Project Management, 22(2), 119-130. https://doi.org/10.1016/S0263-7863(03)00014-0
Weber, P., Medina-Oliva, G., Simon, C., & Iung, B. (2012). Overview on Bayesian networks applications for dependability, risk analysis and maintenance areas. Engineering Applications of Artificial Intelligence, 25(4), 671-682. https://doi.org/10.1016/j.engappai.2010.06.002
Published
How to Cite
Issue
Section
Copyright (c) 2022 International journal of engineering & computer science

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Articles published in the International Journal of Engineering & Computer Science (IJECS) are available under Creative Commons Attribution Non-Commercial No Derivatives Licence (CC BY-NC-ND 4.0). Authors retain copyright in their work and grant IJECS right of first publication under CC BY-NC-ND 4.0. Users have the right to read, download, copy, distribute, print, search, or link to the full texts of articles in this journal, and to use them for any other lawful purpose.
Articles published in IJECS can be copied, communicated and shared in their published form for non-commercial purposes provided full attribution is given to the author and the journal. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.