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Prediction of litigation probability for international construction projects during bidding stage

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2010
Ayten, İlkay
Over the years many researchers agreed that between the parties involved in construction projects such as; owner, contractor, engineer and suppliers trying to perform different scopes in different timetables. Therefore, disputes are inevitable due to the complexity of the work. Occurrence of litigation is the most terrifying process to deal with during any construction project for both owner and the contractor because of the time and money consuming nature of the process. Hence, contractors should try to eliminate any potential risk factors that will lead to litigation. The aim of this study is to investigate the factors that influence court action between parties in international construction projects and develop a statistical model that will predict the litigation probability of an international construction project during bidding stage. The final prediction model revealed that contractual awareness and consciousness of risk factors is the key to predict litigation probability. Considering awareness of the factors affecting litigation probability are displayed in this thesis. Companies may have the opportunity to develop risk assessment and management strategies while reconsidering their contingency estimates.