Advances in Civil Engineering

Research Article

Identifying Political Risk Management Strategies in International Construction Projects

Table 1

Political risk management strategies.
StrategyReference
[8][3][32][5][52][33][2][8][34]
S01: making a higher tender offerX——————X—
S02: conducting market researchXX—XX—XX—
S03: buying risk insuranceX——XX—X—X
S04: adopting optimal contracts——X——X——X
S05: implementing a localization strategyXX—X——X—X
S06: avoiding misconductXX—X——X—X
S07: adopting closed management of the construction siteX——XX—XX—
S08: supporting environmental protectionX————————
S09: abiding by the traditional local cultureXX—X—————
S10: making contingency plansX———X—XXX
S11: obtaining the corresponding guarantee———X—XX—X
S12: implementing an emergency planX———X—XXX
S13: forming joint ventures with local contractorsX—XX————X
S14: conducting a postresponse assessmentX———X—X——
S15: sending staff to training programsX———————X
S16: settling disputes through renegotiation——XX————X
S17: choosing suitable projects———X—X——X
S18: building proper relations with host governments—XXX——X——
S19: maintaining good relations with powerful groups—XXX—XX—X
S20: creating links with local businessXXXX—XX—X
S21: changing the operation strategies——X——XXX—
S22: controlling core and critical technology—X———X—XX
S23: choosing a suitable entry modeX——X—XXXX
S24: employing capable local partnersXXXX—X——X
S25: building up reputationX——X——X——
S26: allocating extra funds——X—X—X——
S27: maintaining good relations with the public—XX——XX—X