Contract Risk Management strategies
| Variables | Strongly disagree | Disagree | Neutral | Agree | Strongly agree | Mean score | Ranking |
|---|---|---|---|---|---|---|---|
| Regular investigations at each phase of the project to reduce uncertainties | 0 (0%) | 0 (0%) | 3 (5%) | 25 (43%) | 30 (52%) | 4.47 | 1 |
| Set up contingency plans | 0 (0%) | 0 (0%) | 3 (5%) | 28 (48%) | 27 (47%) | 4.41 | 2 |
| Construction guarantee | 0 (0%) | 0 (0%) | 2 (3%) | 32 (55%) | 24 (41%) | 4.38 | 3 |
| Extension of time claims | 0 (0%) | 1 (2%) | 2 (3%) | 30 (52%) | 25 (43%) | 4.36 | 4 |
| Payment guarantee | 0 (0%) | 3 (5%) | 0 (0%) | 28 (48%) | 27 (47%) | 4.36 | 4 |
| Retention | 0 (0%) | 2 (3%) | 2 (3%) | 28 (48%) | 26 (45%) | 4.34 | 5 |
| Escalation clause | 0 (0%) | 2 (3%) | 2 (3%) | 31 (53%) | 23 (40%) | 4.29 | 6 |
| Performance bond | 0 (0%) | 2 (3%) | 3 (5%) | 31 (53%) | 22 (38%) | 4.26 | 7 |
| Professional indemnity | 0 (0%) | 1 (2%) | 6 (10%) | 34 (59%) | 17 (29%) | 4.16 | 8 |
| Contract delay penalties | 0 (0%) | 3 (5%) | 5 (9%) | 32 (55%) | 18 (31%) | 4.12 | 9 |
| Maintenance bond | 0 (0%) | 2 (3%) | 14 (24%) | 24 (41%) | 18 (31%) | 4.00 | 10 |
| Public liability insurance | 0 (0%) | 1 (2%) | 11 (19%) | 36 (62%) | 10 (17%) | 3.95 | 11 |
| Variables | Strongly disagree | Disagree | Neutral | Agree | Strongly agree | Mean score | Ranking |
|---|---|---|---|---|---|---|---|
| Regular investigations at each phase of the project to reduce uncertainties | 0 (0%) | 0 (0%) | 3 (5%) | 25 (43%) | 30 (52%) | 4.47 | 1 |
| Set up contingency plans | 0 (0%) | 0 (0%) | 3 (5%) | 28 (48%) | 27 (47%) | 4.41 | 2 |
| Construction guarantee | 0 (0%) | 0 (0%) | 2 (3%) | 32 (55%) | 24 (41%) | 4.38 | 3 |
| Extension of time claims | 0 (0%) | 1 (2%) | 2 (3%) | 30 (52%) | 25 (43%) | 4.36 | 4 |
| Payment guarantee | 0 (0%) | 3 (5%) | 0 (0%) | 28 (48%) | 27 (47%) | 4.36 | 4 |
| Retention | 0 (0%) | 2 (3%) | 2 (3%) | 28 (48%) | 26 (45%) | 4.34 | 5 |
| Escalation clause | 0 (0%) | 2 (3%) | 2 (3%) | 31 (53%) | 23 (40%) | 4.29 | 6 |
| Performance bond | 0 (0%) | 2 (3%) | 3 (5%) | 31 (53%) | 22 (38%) | 4.26 | 7 |
| Professional indemnity | 0 (0%) | 1 (2%) | 6 (10%) | 34 (59%) | 17 (29%) | 4.16 | 8 |
| Contract delay penalties | 0 (0%) | 3 (5%) | 5 (9%) | 32 (55%) | 18 (31%) | 4.12 | 9 |
| Maintenance bond | 0 (0%) | 2 (3%) | 14 (24%) | 24 (41%) | 18 (31%) | 4.00 | 10 |
| Public liability insurance | 0 (0%) | 1 (2%) | 11 (19%) | 36 (62%) | 10 (17%) | 3.95 | 11 |
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