D. Tech. Civil Engineering / Construction contracts have provisional clauses to control financial risks, but studies have shown that cost overruns are still common, which require the inclusion of additional management techniques to improve cost estimates. The research investigated, analysed and identified the shortcomings that exist within the current mechanisms to manage financial risk. A new risk ranking model that can be used to eliminate construction cost overruns in South Africa was developed. The study sought the views from a variety of construction professionals, based on knowledge and experiences within their own organisations, to explore new mechanisms to limit the risk impact of persistent cost overruns.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:tut/oai:encore.tut.ac.za:d1001524 |
| Date | January 2014 |
| Creators | Okumbe, James Ouko. |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Text |
| Format |
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