Abstract
Engineering, procurement and construction (EPC) contracts are becoming the most popular form to undertake construction works on large-scale hydropower projects. The EPC general contractors in Vietnam have been coped with lots of difficulties during the construction phase of hydropower projects, resulting in significant schedule delays and cost overrun. One of the reasons is poor Subcontractors capacity. In order to overcome above, the current study attempts to research on identification and control Subcontractors risks of delay process of EPC hydropower project in Vietnam. Through summarizing international research achievements of previous researches relating on EPC hydropower projects combining with analysis characteristics of developing construction of EPC hydropower projects in Vietnam, the current study pointed out all kinds of subcontractor risk of delay process of EPC hydropower project in Vietnam; a questionnaire with 18 risk elements was designed and then delivered to experts in EPC hydropower project management area. Based on the risk model, 11 main risk elements were identified which can be categorized into 3 groups. Lastly, the current study proposed suggestions to reduce or avoid risks as well as approach to control risks. Furthermore, the findings of this study can be a good managerial reference for project management teams who are working in other countries that have similar economic and investment environment to Vietnam to get their EPC construction project completed on schedule, thus ensuring the benefits to the government, the investor, the contractor, and the parties involved.
Highlights
In many countries, the capacity of Subcontractors is not good, especially in EPC contracted hydroelectricity
Through summarizing international research achievements of previous researches relating on EPC hydropower projects combining with analysis characteristics of developing construction of EPC hydropower projects in Vietnam, the current study pointed out all kinds of subcontractor risk of delay process of EPC hydropower project in Vietnam; a questionnaire with 18 risk elements was designed and delivered to experts in EPC hydropower project management area
Regarding to EPC hydropower projects, despite of its subcontractors risk is influenced by a variety of factors that are different for various countries [2] [3] [4], but previous researches have improperly focused on this topic
Summary
The capacity of Subcontractors is not good, especially in EPC contracted hydroelectricity. Regarding to EPC hydropower projects, despite of its subcontractors risk is influenced by a variety of factors that are different for various countries [2] [3] [4], but previous researches have improperly focused on this topic. (2012), study on the risk management for international hydropower engineering of EPC program [11] These researches merely presented most common assessment with respect to risk management of the projects, but mention unique characteristics of EPC hydropower projects and present risks that mainly influence on schedule delay of those kinds of projects. Detailed and accuracy assessment on risks influencing on EPC hydropower projects is depended on characteristics and developing level of specific country [12] [13] [14]
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.