Study Of The Risk Of Building Contractors In The Construction Process

Construction engineering project is characterized by a long-term work, huge investment, many participants and complex relationships, therefore, there are lots of undefined factors in the performing process. This characteristic determines that the construction contracting enterprises will face many risks in every stage of the whole process especially in the construction stage. Because at that moment much capital will be put into purchasing or renting equipments, prepaying construction fees and paying staffs salary, etc. It's necessary for the construction contracting enterprises to do risk management in the whole work process so that the project can go smoothly. In nature the risk management is a deciding process of reduce the negative respects of risks, which includes stages of identification, estimation evaluation, settlement and re-evaluation.What this paper deals with are as following:1. Basing on the purpose and functions of risk management it illustrates the definition, character, classification of risk as well as the aim and process of risk management.2. Adopting the form of classification before identification this paper formulates a table of risk identification from different angles, which may occur in the construction stage. This method has two advantages: one is to let analysts show their specialities and improve the accuracy; the other is to reduce analysis work and save time as well as to make complete identification of risk factors.3. After introducing several common risk evaluation method, this paper emphasise to illustrate the formulation of risk investigation table , the process of investigation and static and analysis of data by introducing the example of expert investigation method applied in construction engineering in Zhengzhou ; Meanwhile, it applies the combination of analytic hierarchy process and vague assessment method into the risk estimation and evaluation4. The biggest risk faced by construction contractors comes from the investors' capital and credit. This paper settles the problems by informing and law making of the insurance and guarantee.5. This paper applies an example about risk management of construction stage in estate exploring project and uses risk identification, estimation, evaluation and management to analyse the example. At the same time it illustrates the risk management application and process in the construction stage.