Research on the Risk Management of the Highway based on the Pattern of BOT+ EPC from the Perspective of the General Contractors

Xiaobo HE1, Wenzhu HU2

1School of Economics and Management, Chongqing Jiaotong University, Chonging, 400074, China

2HaiWei Engineering Construction Co,LTD, Beijing, 101119, China

Abstract: Although the pattern of BOT + EPC utilized in the construction of highway can effectively lighten financial burden, improve the investment returns and operating efficiency of the project, it is of considerable risks due to numerous uncertainties in the highway project of BOT + EPC. The identification of risks in the highway project of BOT+ EPC is the prerequisite under which facilitates the successful transformation of the General Contract Enterprise, and the key which makes such project be carried out successfully. This article, from the perspective of the general contractors, makes an analysis of the risks such as natural risks, economic risks, construction risks, operating risks and contract risks containing in a highway project of BOT + EPC, as well as offers some suggestions on the management of some relevant risks; so that it provides a theoretical basis for the general contract enterprises to prevent risks whey using the BOT + EPC.

Keywords: General contractors; BOT + EPC, Highway; Risk management