A Study on Contractors’ Perspective of Construction Risk in Green Residential Projects in Malaysia

Leng, Qi Ying (2018) A Study on Contractors’ Perspective of Construction Risk in Green Residential Projects in Malaysia. Final Year Project (Bachelor), Tunku Abdul Rahman University College.

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Abstract

Construction industry is a very challenging field which requires good project management including risk management in order to handle risky projects. The study is to find out the risk factors that will most likely contribute to failure of high rise green residential project. Besides, this study also aimed to evaluate the current degree of adoption of risk management. Lastly, approaches to minimize risk factors during construction are suggested in this study. A questionnaire is created and distributed to selected contractor firms in Kuala Lumpur and Selangor area. There are 30 successful respondents participated in this survey and the data collected are analysed using SPSS version 23.0 and Microsoft Words. There are a total of 18 risk factors being categorized into 4 risk categories, which are client and consultant, contractor, resource and external factors. The frequency of adopting each risk management process and frequency of methods adopted in stages are identified in order to find the degree of adoption of risk management. Few solutions are suggested and opinions are obtained from the respondents. The result showed that the risk factors that will most likely contributed to failure of the aforesaid project is availability of expertise in industry, which is under contractor risk category. The least influence towards failure of the high rise green residential projects will be the additional contract provisions and warranties, which is under client and consultant risk category. It is important to identify the risk factors and their magnitude of impact to minimize the chances of failure in construction. The degree of adoption of risk management is considered satisfied but require improvement. Most of the solutions which are effective in minimizing construction risks are agreed by the respondents.