Analysis of construction project cost risk in bidding documents preparation phase

Abstract

ABSTRACT:

Risk in construction is a common factor that every construction enterprise must face in its production and business activities. Risk management is not just about minimizing risk, it's about identifying, assessing, and prioritizing risks. The objective of risk management is to ensure this uncertainty does not derail the operations of the business objectives. The article analyzes the concept, assesses the risks of costs during the preparation of construction bid documents to help construction enterprises reduce unexpected risks in the construction industry.

Keywords: Rick, Risk management, construction project, simulation