Risks in Construction Industry of Mangalore

Abstract

The study of risks in construction industry is an open-ended experiment as not many references are available for comparison. The geographical divide of India poses a challenge to the construction fraternity due to varied factors of risks involved in construction activities and it is not possible to give a common risk matrix for construction projects in India. It invariably has to be divided into smaller segments and the geographical area has to be selected based on similarities in conditions. Nevertheless, when the study of a particular region is completed the model can be replicated in other regions to get the risks associated with construction activities in that particular region. Also the construction activity varies with type of projects, viz., public, private and public-private partnership projects. In the present study, the construction activity in Mangalore city is taken as the pilot sample. The private residential projects, viz., apartments, houses and commercial complexes are taken as the group under study. The risk associated with the above construction activity is obtained through a questionnaire survey and the outcome is studied.

Keywords: Construction risk, risk management, questionnaire survey, sampling techniques