NDLI: Research on the Risk Allocation Mechanism of Agent Construction Project: From the Perspective of Project Ownership Allocation

Content Provider	IEEE Xplore Digital Library
Author	Yan Ling Zhao Hua Zhang Junli Fu Wangying
Copyright Year	2008
Description	Author affiliation: Sch. of Manage., Tianjin Univ. of Technol., Tianjin (Yan Ling; Zhao Hua; Zhang Junli; Fu Wangying)
Abstract	Proper risk allocation (RA) among the parties involved in the agent construction project (ACP) is very important for project success. But, under the enterprise agent construction mode(EACM), the RA mechanism between the government principal (GP) and the agent has not received due attention. Based on the analysis of contract relationships and restrains of project ownership structure in ACP, the paper points out that the agent should bear certain project risks and manage the project during the whole process matching its project control right(s). According to the theory of project ownership allocation (POA), RA is the premise and basis of benefit-sharing and the return of risk bearer should match its residual claim right of project. If having corresponding control right, risk bearer has enthusiasm to make right decision. As an integral part of institutional arrangements, RA must realize the unification of responsibilities, rights and benefits of the risk bearer. The paper puts a forward the principles of RA and explores RA scheme under the EACM based on those principles.
Starting Page	1
Ending Page	6
File Size	172670
Page Count	6
File Format	PDF
ISBN	9781424421077
DOI	10.1109/WiCom.2008.1767
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2008-10-12
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Technology management Forward contracts Councils Investments Government Project management Risk management Risk analysis Construction industry
Content Type	Text
Resource Type	Article

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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