Research on Grading of Risk Factors in International EPC Projects from Contractors' Perspective

Abstract:

t has been common that more and more international projects are contracted using EPC mode, which brings higher requirements of risk management for Chinese engineering companies. Through literature research and expert interview, this paper systematically recognizes and classifies risk factors that may occurred in international EPC projects. Then, by applying AHP method, the weights of all risk factors are achieved. Furthermore, all risk factors are divided into three levels for the convenience of enterprise risk management. Hopefully, this research can be good reference as guidance for decision-making in the preliminary stage of international EPC projects.

• Periodical: Applied Mechanics and Materials (Volumes 438-439)
• Pages: 1968-1973
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.438-439.1968
• Online since: October 2013
• Authors: Ji Qin Li, Yong Yang, Yu Zheng, Xiao Dong Li
• Keywords: Contractors, EPC, International Project, Risk Factors

References

[1] L. Hou, et al, China's Foreign Contracted Projects Development Report 2011-2012, Beijing Yanshi Press, Beijing, (2012).

[2] X. Meng, D. Ciren, Q. Zhao, Comparison between EPC contracting mode and traditional mode, International Economic Cooperation, 11 (2004) 49-50.

[3] C. Zhang, The risk management under conditions of contract for EPC projects, Construction Management Modernization, 3 (2004) 12-14.

[4] M. Mu, J. Mu, Risk management for EPC projects, International Economic Cooperation, 5 (2006) 40-43.

[5] J. Yu, Project Risk Assessment and Control, China Building Industry Press, Beijing, (2009).