MCDM'05 - paper no. 10

 

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Graphical risk allocation model in construction contracts for changes in market prices

Sigitas Mitkus

Abstract:

One of the main purposes of construction contracts is to allocate risk and liability clearly, comprehensibly and unambiguously. Otherwise, disputes (also legal) between contract parties are inevitable, which always leads to extra expenses incurred by both parties. The aim of the paper Graphical Risk Allocation Model in Construction Contracts for Changes in Market Prices (S. Mitkus) is to analyze the allocation of risk between the participants of a construction process (the contractor and the client) when implementing construction projects.

Reference index:

Sigitas Mitkus, (2006), Graphical risk allocation model in construction contracts for changes in market prices, Multiple Criteria Decision Making (1), pp. 151-164

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Scopus citations in 1 paper(s):
  1. Mitkus, S. (2008). Formalism in contractual business relations in the context of transformation: The case of lithuania. Transformations in Business and Economics, 7(2), 49-66