Fuzzy Comprehensive Evaluation of Risk for EPC Contract Project

 

Authors: YANG Xiao-ming,ZHOU Xu (School of Civil Engineering and Architecture of Central South University)

 

Abstract

 

Recently,more and more big projects are contracting by EPC(Engineer-Procure-Construct) model.Comparing with traditional contract models,the general contractors face more risks.Considering particular risk of EPC,a method of fuzzy comprehensive appraisal has been used to appraise its risk comprehensively in order to provide more scientific and rational information for decision-maker.A risk evaluation model has been established,and the risk rank of EPC project has been obtained.This model has the versatility and is suitable in various kinds of EPC risk evaluations.

 

Source: China National Knowledge Infrastructure