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    Political Risks in International Construction

    Source: Journal of Construction Engineering and Management:;1987:;Volume ( 113 ):;issue: 003
    Author:
    David B. Ashley
    ,
    Joseph J. Bonner
    DOI: 10.1061/(ASCE)0733-9364(1987)113:3(447)
    Publisher: American Society of Civil Engineers
    Abstract: Political risk identification, measurement, and management are key to successful international construction contracting. Multinational contractors are particularly sensitive to quick, unexpected change in the political environment that affects principal cash‐flow elements of their projects. Traditional political risk analysis used by manufacturing or heavy industrial firms for capital investment decisions does not adequately address contracting risks. An alternate approach is presented to fill this important gap. Essential to this treatment is the identification of the primary political source risks and their impacts on project cash‐flow elements. Recognition and planning, rather than gambling, is emphasized as a contractor's best approach to successful international construction.
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      Political Risks in International Construction

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    http://yetl.yabesh.ir/yetl1/handle/yetl/32398
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    contributor authorDavid B. Ashley
    contributor authorJoseph J. Bonner
    date accessioned2017-05-08T20:56:12Z
    date available2017-05-08T20:56:12Z
    date copyrightSeptember 1987
    date issued1987
    identifier other%28asce%290733-9364%281987%29113%3A3%28447%29.pdf
    identifier urihttp://yetl.yabesh.ir/yetl/handle/yetl/32398
    description abstractPolitical risk identification, measurement, and management are key to successful international construction contracting. Multinational contractors are particularly sensitive to quick, unexpected change in the political environment that affects principal cash‐flow elements of their projects. Traditional political risk analysis used by manufacturing or heavy industrial firms for capital investment decisions does not adequately address contracting risks. An alternate approach is presented to fill this important gap. Essential to this treatment is the identification of the primary political source risks and their impacts on project cash‐flow elements. Recognition and planning, rather than gambling, is emphasized as a contractor's best approach to successful international construction.
    publisherAmerican Society of Civil Engineers
    titlePolitical Risks in International Construction
    typeJournal Paper
    journal volume113
    journal issue3
    journal titleJournal of Construction Engineering and Management
    identifier doi10.1061/(ASCE)0733-9364(1987)113:3(447)
    treeJournal of Construction Engineering and Management:;1987:;Volume ( 113 ):;issue: 003
    contenttypeFulltext
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