Risk Allocation Model For Indonesia's Road Maintenance Project Under Performance Based Contract Scheme
| Main Authors: | Setiawan, Deni, Pribadi, Reini Wirahadikusumah, Krishna S. , Lubis, Harun Al Rasyid |
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| Format: | Article PeerReviewed Book |
| Terbitan: |
IAEME Publication
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| Subjects: | |
| Online Access: |
http://repository.maranatha.edu/27064/1/2.%20Risk%20Allocation%20Model%20for%20Indonesias%20Road%20Maintenance.pdf http://www.iaeme.com/ijciet/issues.asp?JType=IJCIET&VType=10&IType=6 http://repository.maranatha.edu/27064/ |
| ctrlnum |
27064 |
|---|---|
| fullrecord |
<?xml version="1.0"?>
<dc schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/ http://www.openarchives.org/OAI/2.0/oai_dc.xsd"><title>Risk Allocation Model For Indonesia's Road Maintenance Project Under Performance Based Contract Scheme</title><creator>Setiawan, Deni</creator><creator>Pribadi, Reini Wirahadikusumah, Krishna S. </creator><creator>Lubis, Harun Al Rasyid </creator><subject>TA Engineering (General). Civil engineering (General)</subject><description>The implementation of Performance Based Contracts (PBC) in Indonesia still has
many challenges. In terms of risk allocation, PBC allocate more risk to the contractor.
Certain risks are inherent in all construction projects. Shifting the risk onto one of the
parties to a construction contract agreement is unfair and expensive. Equitable
allocation of risks among parties is very important. The allocation of risk between
road manager and contractor parties in a PBC contract is a critical element of
success that should be based on an assessment of the party best able to manage it.
Determining the parties that are most able to bear the risk has been generated from
various studies both through qualitative and quantitative approaches. Martin Barnes
(1983) in his research has proposed a risk allocation algorithm to determine which
parties are most able to accept the risks qualitatively. The purpose of this paper is to
provide a qualitative risk allocation model for road maintenance projects with PBC
schemes in Indonesia.
The study took samples in several national roads in Pantura Lane Road. Risk
allocation algorithm proposed by Martin Barnes (1983) is applied to determine the
best able party to manage the risk by considering magnitude and cost of each risk
factor. The results show that the risk of natural disasters and overloading vehicle risk
should not bear by the contractors. Force Majeure risk should be allocated to the
owner by creating an addendum contract for recovery works with unit price payment
mechanism. If the contractor still bear overloading risk, then the owner must facilitate
actual traffic volume data and actual total weight data for engineering designing process. This condition indicates that there is a trade-off from the contractor party in
the bid price as the impact of handling risks.
</description><publisher>IAEME Publication</publisher><type>Journal:Article</type><type>PeerReview:PeerReviewed</type><type>Book:Book</type><identifier>http://repository.maranatha.edu/27064/1/2.%20Risk%20Allocation%20Model%20for%20Indonesias%20Road%20Maintenance.pdf</identifier><relation>http://www.iaeme.com/ijciet/issues.asp?JType=IJCIET&VType=10&IType=6</relation><identifier> Setiawan, Deni and Pribadi, Reini Wirahadikusumah, Krishna S. and Lubis, Harun Al Rasyid Risk Allocation Model For Indonesia's Road Maintenance Project Under Performance Based Contract Scheme. International Journal of Civil Engineering and Technology (IJCIET), 10 (06). pp. 513-527. ISSN ISSN Print: 0976-6308 and ISSN Online: 0976-6316 </identifier><relation>http://repository.maranatha.edu/27064/</relation><recordID>27064</recordID></dc>
|
| format |
Journal:Article Journal PeerReview:PeerReviewed PeerReview Book:Book Book |
| author |
Setiawan, Deni Pribadi, Reini Wirahadikusumah, Krishna S. Lubis, Harun Al Rasyid |
| title |
Risk Allocation Model For Indonesia's Road Maintenance Project Under Performance Based Contract Scheme |
| publisher |
IAEME Publication |
| topic |
TA Engineering (General). Civil engineering (General) |
| url |
http://repository.maranatha.edu/27064/1/2.%20Risk%20Allocation%20Model%20for%20Indonesias%20Road%20Maintenance.pdf http://www.iaeme.com/ijciet/issues.asp?JType=IJCIET&VType=10&IType=6 http://repository.maranatha.edu/27064/ |
| contents |
The implementation of Performance Based Contracts (PBC) in Indonesia still has
many challenges. In terms of risk allocation, PBC allocate more risk to the contractor.
Certain risks are inherent in all construction projects. Shifting the risk onto one of the
parties to a construction contract agreement is unfair and expensive. Equitable
allocation of risks among parties is very important. The allocation of risk between
road manager and contractor parties in a PBC contract is a critical element of
success that should be based on an assessment of the party best able to manage it.
Determining the parties that are most able to bear the risk has been generated from
various studies both through qualitative and quantitative approaches. Martin Barnes
(1983) in his research has proposed a risk allocation algorithm to determine which
parties are most able to accept the risks qualitatively. The purpose of this paper is to
provide a qualitative risk allocation model for road maintenance projects with PBC
schemes in Indonesia.
The study took samples in several national roads in Pantura Lane Road. Risk
allocation algorithm proposed by Martin Barnes (1983) is applied to determine the
best able party to manage the risk by considering magnitude and cost of each risk
factor. The results show that the risk of natural disasters and overloading vehicle risk
should not bear by the contractors. Force Majeure risk should be allocated to the
owner by creating an addendum contract for recovery works with unit price payment
mechanism. If the contractor still bear overloading risk, then the owner must facilitate
actual traffic volume data and actual total weight data for engineering designing process. This condition indicates that there is a trade-off from the contractor party in
the bid price as the impact of handling risks.
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IOS3452.27064 |
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Universitas Kristen Maranatha |
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45 |
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library:university library |
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Perpustakaan Universitas Kristen Maranatha |
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Maranatha Repository System |
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Ekonomi Kesehatan dan Kedokteran Program Komputer dan Teknologi Informasi |
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BANDUNG |
| province |
JAWA BARAT |
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IOS3452 |
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2019-10-12T09:52:42Z |
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2019-11-03T17:58:10Z |
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1685954317492682752 |
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17.608942 |