RISK MANAGEMENT AND CLAIMS MANAGEMENT OF PROJECT CONTRACTS
Journal: Advanced Management Science (AMS)
Author: David Gibbons
This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited
The risk management of project contracts is becoming the focus of the management in every construction enterprise, and how to correctly identify, prevent, avoid and deal with risks in contract management has become increasingly important. The claim usually refers to the fact that during the performance of the engineering contract, one party to the contract suffers economic losses because of non-performance of the other party or the other party’s failure to properly perform the contract or some other non-self factors.