Research On Risk Of General Contracting For Construction Of An Enterprise In Africa

International construction contracting has traditionally been considered a “high-risk cause”.However,as the domestic construction market is already saturated,the construction market is under great pressure and the profits are very low.Many companies even undertake projects to maintain the company’s normal operation with low profit or zero profit.Although the international engineering risk is high,but the profits are considerable,many Chinese construction companies,especially private enterprises,have gone international and tried to undertake international construction projects.Due to the economic backwardness of most African countries,the lack of construction technology capacity of local construction enterprises and the low barriers to entry into Africa,many Chinese construction companies have entered the African construction market.For Chinese companies that are new to the African construction market,they have insufficient understanding of African contracting risks.The awareness and ability of risk identification,risk analysis and risk management are also lacking,resulting in project losses.Therefore,how to understand risks,analyze risks and prevent risks for Chinese construction companies is an important measure for whether they can occupy a place in Africa.Based on my work experience in Angola,Sudan,South Sudan,Tanzania and other countries in Africa,this paper identifies and analyzes the risks involved in African construction contracting projects from the perspective of construction general contractors with the principle of risk management,and proposes corresponding Response.Finally,through research and solution to the various risks in the implementation of the Blue Diamond Hotel project in South Sudan,the research results of project risk management at home and abroad are used to propose corresponding risk prevention measures.It will provide reference for the risk management of Chinese construction enterprises in the construction of general contracting projects in the African construction market in the future,and improve the project’s anti-risk ability and profitability.