RISK VARIABLE ON CONTRACTOR’S TENDER FIGURE IN MALAYSIA
DOI:
https://doi.org/10.11113/jt.v78.8495Keywords:
Construction industry, risk variable, tenderAbstract
Construction industry like other industries is subject to risks due to the unique and complexity of the construction industries. It shows the risk exposure at highest level during the tendering process. The objective of this paper is to evaluate risk variable on contractor’s tender figure in Malaysia. To achieve the objective, questionnaire survey was conducted on G7 contractor in Malaysia. A total of 120 usable postal questionnaires was received. The findings have shown quality expectation, price inflation of construction materials, the risk involved in the project and financial capability of the client are most significant factors to be considered by contractors when estimating the pricing risks. The study recommended that competent contractors should be allowed to tender project as to see the risk variable inherent during tendering process that will affect project performance.   Â
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