The attitude of contractors towards risk and risk management process in construction, applies to the case of Vinh Long and Can Tho provinces in construction

Abstract

Construction projects are implemented in several stages and have many potential risks. To achieve the desired effect, all stakeholders involved in the construction of works must have professional knowledge of risk management in a methodical manner and must be provided with adequate information about the risks that may may happen. In this study, the author surveyed construction contractors about their knowledge and attitudes towards risks in the construction industry and the risk management process that has been and is being applied in practice. Depending on the job position of the surveyor, the response results will reflect their occupational factors when managing risk. Construction consultants tend to attach importance to the closing phase of a project, while managers consider the planning and organizing and implementation stages to be more important because those stages are often riskier. In addition, when dealing with actual risks, the evaluation contractors prioritize the use of risk response techniques such as risk transfer, risk avoidance, and risk reduction. The option to accept the risk is not prioritized by the contractors.