initiated in complex and dynamic environments resulting incircumstances of high uncertainty and risk, which are compounded by
has changed significantly over the past several years. It is an industrydriven primarily by governmental, private investors and the presence
of securitized real estate that has increasedconsiderably.
It is vulnerable to the numerous technical & business risks that often
representgreater exposures than those that are
traditional. Thus risk assessment need arises.
assessment is a tool to identify those risks in a project and manage it
accordingly with proper treatment. Risk assessment is defined in this study as
a technique that aims to identify and estimate risks to personnel and property
impacted upon by a project. The general methodology of this study relies
largely on the survey questionnaire which was collected from the local building
contractors and users of different sizes. A
thorough literature review is initially conducted to identify the risk factors
that affect the performance of the industry as a whole. The survey questionnaire is designed to probe
the cross-sectional behavioural pattern of risks within the industry