Determination of contingency for international construction project during bidding stage


Thesis Type: Postgraduate

Institution Of The Thesis: Middle East Technical University, Faculty of Engineering, Department of Civil Engineering, Turkey

Approval Date: 2005

Thesis Language: English

Student: Abdullah Arif Ergin

Supervisor: RİFAT SÖNMEZ

Abstract:

Determination of contingency for international projects plays an important role for inclusion of risks taken by the contractor on the bid amount. Although determination of contingency is an important stage of bid preparation for international projects, the methods that are being used by Turkish contractors for quantification of contingency are very limited. In this thesis the factors affecting the contingency decisions of Turkish contractors for international projects will be investigated. The significance of these factors will be determined and a model determining the contingency will be developed.