Study On Financial Risk Management Of EPC Project In Yingtan City

At present,many construction enterprises have the problem of high debt but low profit.Low profit rate will weaken the anti risk ability of enterprises and increase the risk of enterprises falling into financial crisis.In particular,the EPC project has a large amount of investment and a long construction period.In the process of project implementation,the financial situation of the project itself has a great impact on the enterprise.Therefore,it is of positive significance for the healthy and sustainable development of the enterprise to identify the financial risks faced by the EPC project in time and enhance the ability to prevent and respond to the financial risks of the project.Taking the EPC project of Yingtan shed renovation undertaken by a large construction enterprise in 2019 as an example,first of all,through literature review and field research,the preliminary identification of the financial risk list of the project is carried out,and the formal financial risk list including 19 risk factors in four stages of the project is obtained by Delphi method.Then,the paper constructs the financial risk evaluation model,and sorts the weights of the influencing factors in the financial risk list by AHP.According to the sorting results,the risk influencing factors are divided into 10 main factors and 9 secondary factors by Pareto law.Through the fuzzy comprehensive evaluation method to evaluate the overall financial risk of the project,the conclusion is that the overall financial risk of the project is "high".Finally,from the perspective of EPC general contractor,this paper puts forward specific countermeasures for the 10 main influencing factors of project financial risk,including:owner credit,total price quota and payment term risk in the bidding stage;design capacity,design cooperation and sub supplier risk in the design and procurement stage;market factor,construction management and cost control risk in the construction stage;settlement risk Communication and coordination risks in the stage.Besides paying attention to the main influencing factors,we should also pay attention to the secondary factors.The research results of this paper can provide a reference for the financial risk management of this project and the risk management of similar EPC projects of enterprises.