Open AccessRisk Allocation Model For Cisumdawu Toll Road Projects
Author(s) -
Deni Setiawan,
R Milyardi,
Tan Lie Ing,
C Rizkiana
Publication year - 2021
Publication title -
iop conference series. materials science and engineering
Language(s) - English
Resource type - Journals
eISSN - 1757-899X
pISSN - 1757-8981
DOI - 10.1088/1757-899x/1071/1/012008
Subject(s) - toll , scope (computer science) , toll road , work (physics) , business , risk management , risk analysis (engineering) , road construction , cost overrun , transport engineering , statement of work , operations management , finance , computer science , construction engineering , engineering , construction industry , mechanical engineering , genetics , biology , programming language
In the Cisumdawu Toll Road project there are some complex problems, including the first tunnel structure in Indonesia that functions as a toll road. This complex construction project is currently experiencing delays which creates risks for project delays. In this study the aim is to identify risks and create an optimal risk allocation model between the project owner and the contractor. The allocation of risk between project owner and contractor in a contract plays an important role for the success of the project. It should be based on a proper assessment of the involved risks and choosing the party best able to manage them. This research was obtained about risks that can be impacted by the project in each phase. The scope of non-excusable factors often is considered a contractor’s fault which results in project construction. Based on the results of descriptive test of the 5 main risks include the most important risk in the Cisumdawu Toll Road Construction Phase II (STA 9+750 – STA 27+100) is soil work. The results show that the soil work risk should bear by the contractors by lump sum fixed price contract.