Risk Identification and Mitigation Strategies in Construction Project Bidding and Procurement
The standard and rationality of procurement practices not only determine the cost control of construction projects but also affect the quality of the buildings.Therefore,the procurement activities in construction projects are receiving increasing attention from corporate decision-makers and management executives.As construction procurement involves numerous projects and significant costs,it also entails a multitude of risks.This paper takes the perspective of procurement risk management and discusses the identification,monitoring,prevention,and response strategies to risks in construction project procurement.The aim is to promote procurement practices towards healthier and more robust directions,ensuring that the procurement process for construction projects incurs minimal costs,bears minimal risks,and ultimately maximizes profits.
NETL
NSTL
万方数据
