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Hamimah Adnan
Muhammad Redza Rosman



Authors and WSEAS

Hamimah Adnan
Muhammad Redza Rosman


WSEAS Transactions on Business and Economics


Print ISSN: 1109-9526
E-ISSN: 2224-2899

Volume 15, 2018

Notice: As of 2014 and for the forthcoming years, the publication frequency/periodicity of WSEAS Journals is adapted to the 'continuously updated' model. What this means is that instead of being separated into issues, new papers will be added on a continuous basis, allowing a more regular flow and shorter publication times. The papers will appear in reverse order, therefore the most recent one will be on top.


Volume 15, 2018


Risk Management in Turnkey Projects in Malaysia

AUTHORS: Hamimah Adnan, Muhammad Redza Rosman

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ABSTRACT: Fragmentation and adversarial working relationship have always been the issues in Malaysian construction industry. The philosophy of turnkey procurement system adopts a single responsibility in design, construction, commissioning and handing over of the project life cycle. It would be one of effective project delivery approaches in addressing the fragmentation and adversarial working practices. This paper aim to identify the level of awareness in risk management among the relevant participants in turnkey projects in Malaysian; with the intention of promoting and streamlining the turnkey projects through managing or avoiding the risks involved. Questionnaire surveys were carried out and analysed. The results show internal risk factors are more critical than external risk factors. Besides, the factor disagreements on some conditions of contract between clients and main Contractor is ranked the most critical risk factor. Nevertheless, the respondents have unanimously agreed to all of risk management solutions for turnkey projects. It is hope that both parties should make clear their terms and conditions of the turkey system at the outset of the project and should refer to the risk management solutions as highlighted in the findings.

KEYWORDS: Risk Management, Turnkey Projects, Malaysia

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WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 15, 2018, Art. #6, pp. 35-43


Copyright © 2018 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution License 4.0