Managing Enhanced Risk in the Mega Project Era

National Academies of Sciences, Engineering, and Medicine

doi:10.17226/26713

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Managing Enhanced Risk in the Mega Project Era

(2022)

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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.

Contributor(s): National Academies of Sciences, Engineering, and Medicine; Transportation Research Board; National Cooperative Highway Research Program; Ghada M. Gad; Hajer Dawoody; Omar Shabana; Christine Ryan; Patricia M. de la Peña; Edmund Caplicki; Edward Minchin; Celia Planeta; Wren Weber

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Suggested Citation

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.

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Publication Info

96 pages | 8.5 x 11 | DOI: https://doi.org/10.17226/26713

Chapters		skim
NCHRP LRD 86: Managing Enhanced Risk in the Mega Project Era	1-1
CONTENTS	2-2
I. INTRODUCTION	3-3
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
A. Planning	5-33
B. Pre-Award	34-51
C. Post Award	52-79
III. CONCLUSION	80-80
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
ACKNOWLEDGMENTS	95-96

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