Open AccessA Comparative Study of The Cost Risk of EPC Models for Engineering Construction at Home And Abroad
Author(s) -
Yang Liu,
Zuxian Yang,
Ying Gan,
Yongbing Li,
Yongqiang Huang,
Chengming Gao,
Ziwei Yan,
Ying Liu,
Yuhuan Gui,
Zhongjing Liu
Publication year - 2020
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.179
H-Index - 26
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/568/1/012054
Subject(s) - procurement , china , risk management , risk analysis (engineering) , index (typography) , business , computer science , operations management , operations research , construction engineering , engineering , finance , geography , marketing , archaeology , world wide web
EPC projects with large engineering and procurement volumes, long construction cycles and management difficulties, the risks faced are also more complex and varied than in other contracting models. This paper establishes a risk index system by documentary method and evaluates and calculates the cost risk in two different environments at home and abroad by hierarchical analysis, so as to find the similarities and differences and propose countermeasures to provide a basis for risk management in China’s EPC contracting model.