Management of Business Risk Hedging in Construction Contracts from the Perspective of Public Investors

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26110%2F20%3APU136680" target="_blank" >RIV/00216305:26110/20:PU136680 - isvavai.cz</a>

Result on the web

<a href="https://hrcak.srce.hr/index.php?show=toc&id_broj=19031&lang=en" target="_blank" >https://hrcak.srce.hr/index.php?show=toc&id_broj=19031&lang=en</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.31803/tg-20200515215502" target="_blank" >10.31803/tg-20200515215502</a>

Result language

angličtina

Original language name

Management of Business Risk Hedging in Construction Contracts from the Perspective of Public Investors

Original language description

Risk management of construction projects presented in the article focuses on the management of business risk from the perspective of public investors in public works contracts in the Czech Republic. Based on the data analysis and a comparative study of specific attributes in contracts for works, the result of the research has been a portfolio of specific instruments and their recommended parameters for effective business risk management. Qualitative analysis was conducted using a questionnaire survey and structured interviews with public sector representatives to share their views on the current practice of protecting public procurement with regard to mitigate business risk. Types, functions and recommended parameters of hedging instruments has been proposed. Effective forms of hedging are mainly liability insurance for damage to things, property and health, contractual penalties, retention money and bank guarantees. Results of the research were compared with foreign practice and international contractual standards.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

20101 - Civil engineering

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2020

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

TEHNIČKI GLASNIK

ISSN

1846-6168

e-ISSN

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Volume of the periodical

14

Issue of the periodical within the volume

2

Country of publishing house

HR - CROATIA

Number of pages

6

Pages from-to

168-173

UT code for WoS article

000540937100011

EID of the result in the Scopus database

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