Managing risks is central to ensuring the success of highway construction projects. This has become even more evident as projects that are drastically increased in size and complexity have become more common. Known generally to the transportation industry as “mega projects,” the number of such highway projects is on the rise.
The TRB National Cooperative Highway Research Program's NCHRP Legal Research Digest 86: Managing Enhanced Risk in the Mega Project Era addresses the change in risk profiles of larger transportation projects in terms of size, project delivery methods, and legislation. It examines the manner in which standard contract provisions must be modified to allocate risks, in accordance with the enhanced scope of the project.
National Academies of Sciences, Engineering, and Medicine. 2022. Managing Enhanced Risk in the Mega Project Era. Washington, DC: The National Academies Press. https://doi.org/10.17226/26713.
|NCHRP LRD 86: Managing Enhanced Risk in the Mega Project Era||1-1|
|A. The Risk Management Cycle||4-3|
|B. Contracts as Vehicles for Allocating and Managing Risks||4-3|
|C. Effect of Project Size and Complexity on Project Risk Profile||4-3|
|D. Effect of Choice of Project Delivery Method on Project Risk Profile||4-4|
|II. RISK ALLOCATION STRATEGIES USING VARIOUS CONTRACT PROVISIONS||5-4|
|C. Post Award||52-79|
|LIST OF EXCERPTS||81-82|
|APPENDIX A- CASE STUDY PROJECTS||83-83|
|APPENDIX B- REPRESENTATIVE CASE STUDY SUMMARIES||84-87|
|APPENDIX C- MANAGING ENHANCED RISK IN THE MEGA PROJECT ERA QUESTIONNAIRE FOR PROJECT PERSONNEL||88-94|
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