Verbal Analysis of Risk Elements in Construction Contracts

  • Leonas Ustinovichius
  • Edmundas Zavadskas
  • Darius Migilinskas
  • Anna Malewska
  • Paul Nowak
  • Andrew Minasowicz
Part of the Lecture Notes in Computer Science book series (LNCS, volume 4101)


The paper aims to analyse the construction contracts provided by FIDIC (International Federation of Consulting Engineers) and to determine their usefulness in respect of technical risk management. Contractors of international construction projects are often faced with complicated situations working with design documentation. One of the potential financial risk factor is associated with the frequent changes of documents and improper channels of communication between project partners. One of the major aspects is project financial and technical risk management. Project developers need various models of managing large and complex projects.


Incentive Contract Price Contract Project Developer Risk Element Consult Engineer 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Springer-Verlag Berlin Heidelberg 2006

Authors and Affiliations

  • Leonas Ustinovichius
    • 1
  • Edmundas Zavadskas
    • 1
  • Darius Migilinskas
    • 1
  • Anna Malewska
    • 2
  • Paul Nowak
    • 3
  • Andrew Minasowicz
    • 4
  1. 1.Department of Construction Technology and ManagementVilnius Gediminas Technical UniversityVilniusLithuania
  2. 2.AIG/ Lincoln Polska Sp. z o.o.WarsawPoland
  3. 3.Polish British Construction Partnership, Sp. z o.o.WarsawPoland
  4. 4.Department of Construction Engineering and ManagementWarsaw University of TechnologyWarsawPoland

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