No 4 (8): 12.

Economics and management

 2017

Scientific article
pdf-version

Iuliia M. Valitova
Магистратура, Peter the Great St. Petersburg Polytechnic University
(Russia, 195251, St.Petersburg, Polytechnicheskaya, 29),
valitovajulian@gmail.com
Tatiana A. Trofimova
Магистратура, Peter the Great St. Petersburg Polytechnic University
(Russia, 195251, St.Petersburg, Polytechnicheskaya, 29),
taniamills717@gmail.com

Risk management during the selection of contractors

Paper submitted on: 04/11/2018;
Accepted on: 05/21/2018;
 Abstract. Construction and investment projects inherent risks in an extremely wide range of human activity fields. An analysis of risks from the point of view of management and mitigation is conducted in this article. Existing standards on risk management are presented and the brief description of widespread risk assessment technologies is considered. Particular attention is paid to the analysis of such risk events as the work of an unqualified contractor. The contractors risk assessment methods analysis showed that besides the overall criterion for all methods connected to the cost of work it is vital to take into account the qualifications, reputation, material and technical base of a contractor, the time and quality of the work performed previously.
Keywords: risk assessment, investment and construction project, risk management standards, risk assessment methodologies, contractor selection criteria.

For citation: Valitova, I. M., Trofimova, T. A. Risk management during the selection of contractors. StudArctic forum. 2017, 4 (8): 12.

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