MANAGING RISK CONSTRAINTS OF MULTIPLE DESIGN & BUILD PROJECTS

The Design and Build (D&B) procurement method has gained popularity in recent times in the construction industry due to its attractive financial aspects. The development projects are implemented by D&B for its special nature, crucial time periods and size. The contractors have lack of knowledge on the other major constraints in this procurement method. Many of these D&B projects had ended in the hands of contractors who were unable to complete the projects within agreed time and price. Even some of those who completed the projects had committed to begin implementation without carrying any analysis of the risks involved. They were basically committed by judgement and inadequate experience. The risk is more while committing to multiple simultaneous projects. Even though there were studies conducted for risk management of projects and studies on contractors’ view of D&B projects, so far no studies were conducted on the time and cost risks of D&B projects. This is also extended further to study on multiple projects. The aim of this study is to identify elements, procedures to analyse and overcome the risks of the important components of time and cost in management of multiple D&B bridge projects. The final outcome of this research will be of practical use for the industry.