|
Category | Risk code | Risk attribute | Cronbach’s value |
|
Political and social risks | R1 | High degree of corruption, collusion, and illegal transaction |
0.787 |
R2 | Lack of familiarity with local cultures, customs, and traditions |
R3 | Frequent policy and postlegislative changes |
R4 | Insufficient legal system |
|
Economic and inflation risks | R5 | High material unit price volatility | 0.735 |
R6 | High equipment unit price volatility |
R7 | High local currency exchange rate volatility |
|
Owner risks | R8 | Unsatisfactory owner management capabilities |
0.869 |
R9 | Insufficient design information from the owner |
R10 | Lacking specifications and bidding documents provided by the owner |
R11 | Approval and permission delays on documentation and construction |
R12 | Illegal requirements without contracts |
|
Bidding and contract risks | R13 | Insufficient time for bidding and construction quotation preparation |
0.834 |
R14 | Inadequate consideration of variations in contract duration |
R15 | High-level local content requirements |
R16 | Complex tax and tariff regulations |
R17 | Low-level inflation compensation conditions |
R18 | Inadequate warranty-related conditions |
R19 | Inadequate payment regulations relative to international contracts |
R20 | Ineffective dispute resolution procedures and regulations |
|
Procurement risks | R21 | Inadequate local labor supplies and procurement conditions |
0.905 |
R22 | Inadequate local labor supplies and demand conditions |
R23 | Inadequate material production supplies and procurement conditions |
R24 | Inadequate material production supplies and demand conditions |
R25 | Inadequate material production from third-world-country supplies and demand conditions |
R26 | Inadequate equipment from local country supplies and procurement conditions |
R27 | Inadequate local equipment supply procurement and demand conditions |
R28 | Inadequate local subcontractor procurement conditions |
|
Geographic risks | R29 | Inadequate geographical conditions of materials and equipment delivery |
0.853 |
R30 | Inadequate logistical conditions (i.e., electricity, water, gas, and communication) |
R31 | Inadequate business environment and welfare conditions |
R32 | Inadequate weather conditions for construction |
R33 | Inadequate geological site conditions |
R34 | Severe complaints regarding construction throughout project implementation |
|
Construction performance risks | R35 | Lacking design experience |
0.917 |
R36 | Lacking bid estimation experience |
R37 | Unsatisfactory cash flow management capabilities |
R38 | Unsatisfactory site manager leadership and organization management capabilities |
R39 | Unsatisfactory site manager experience relative to similar construction projects |
R40 | Unsatisfactory international project planning and management capabilities |
R41 | Unsatisfactory quality management capabilities |
R42 | Unsatisfactory resource management capabilities |
R43 | Unsatisfactory conflict management capabilities |
R44 | Unsatisfactory contract management capabilities |
R45 | Lacking connectivity between sites and headquarters |
R46 | Unsatisfactory localization |
R47 | Lacking trust between project participants |
R48 | Poor communication between project participants |
R49 | Poor project management capabilities based on IT |
R50 | Inadequate construction methods for the specific project |
R51 | Insufficient subcontractor project performance |
|