Financial Risk Hedging Instruments for Public Work Contracts

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26110%2F15%3APU118012" target="_blank" >RIV/00216305:26110/15:PU118012 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Financial Risk Hedging Instruments for Public Work Contracts
Original language description
Public work contracts create a substantial share of building industry performance and consume a large amount of public financial resources. Construction process should be efficient without additional costs and overrun time schedules. A very important point in this process is represented by hedging public contracts against potential risk. There are many instruments used in the Czech Republic - insurance construction contracts, contractual penalty and retention or a bank guarantee to name several of them.But not all of them are as effective as the contractors need them to be. The main aim of this paper is to find an effective set of hedging instruments in contracts for work to sufficiently fulfil their function and protect the goals of both the investorand the contractor impending business risks. Information on hedging instruments has been studied on the sample of 246 public works contracts of sewage facilities and equipment.
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
JN - Civil engineering
OECD FORD branch
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Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical
Organization, Technology & Management in Construction: An International Journal
ISSN
1847-6228
e-ISSN
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Volume of the periodical
Neuveden
Issue of the periodical within the volume
3
Country of publishing house
HR - CROATIA
Number of pages
6
Pages from-to
1352-1357
UT code for WoS article
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EID of the result in the Scopus database
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