In construction sector, contractors in general are
facing unprecedented challenges to comply with the estimated
time and budget of their projects. These challenges increased
due to political unrest in Egypt since 2011. As a result,
contractors need to apply more strict approach to risk
management to avoid cost overruns and expected delays of
payments especially in governmental projects. The goal of this
research is to identify the current risk management approach
for Egyptian contractors. The paper emphasizes the
contractor criteria for supplier selection to reduce expected
risks. The study involves a questionnaire survey and a series
of interviews with contractors. Main elements identified
include supplier selection criteria, suppliers’ qualifications,
logistics, common risks, and the application of formal risk
management methods. |
