Abstract:
This research use the theoretical background from the literature review and a “five” pages questionnaire to achieve the research objective.
The study result shows that although the contractors personal have agood knowlage about R.M but there is no separate division for R.M in 96% of their companies also there is no systematic practice of R.M .
The study finding shows that the most important risk factors are:
Force majour ,The poor tender evaluation ,The not competent contractor team ,The lack of experience and competent of consultant team in the site ,The new governmental legislation,Payment delay ,Error in the design
,Contract assignment to inappropriate contractor by inaproprate contract type
And The contractor bankruptcy ..
Also the study finds that the contracting companies still use atraditional methods to response to risks the most effective methods use by the contracting companies to prevent the risks are Depend on subjective judgment and experience to produce perfect program ,Put a time buffer in the construction program ,Plan to an alternative constructin program and Refer to previous project historical data to produce realistic program .
From the result the study recommend that :
1- Contracting company has to give more ttention to risk management and must hire RM specialist or have separate RM division
2- The government must change the tendering proceduer and contracting method to help industry to develop .
3- Contacting company have to use the quantitive method to determine the time schedule for its project
