Management of Business Risk Hedging in Construction Contracts from the Perspective of Public Investors

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dc.contributor.authorAndrlová, Barbaracs
dc.contributor.authorKorytárová, Janacs
dc.coverage.issue2cs
dc.coverage.volume14cs
dc.date.accessioned2021-05-17T10:53:06Z
dc.date.available2021-05-17T10:53:06Z
dc.date.issued2020-02-28cs
dc.description.abstractRisk management of construction projects presented in the article focuses on the management of business risk from the perspective of public investors in public works contracts in the Czech Republic. Based on the data analysis and a comparative study of specific attributes in contracts for works, the result of the research has been a portfolio of specific instruments and their recommended parameters for effective business risk management. Qualitative analysis was conducted using a questionnaire survey and structured interviews with public sector representatives to share their views on the current practice of protecting public procurement with regard to mitigate business risk. Types, functions and recommended parameters of hedging instruments has been proposed. Effective forms of hedging are mainly liability insurance for damage to things, property and health, contractual penalties, retention money and bank guarantees. Results of the research were compared with foreign practice and international contractual standards.en
dc.formattextcs
dc.format.extent168-173cs
dc.format.mimetypeapplication/pdfcs
dc.identifier.citationTEHNIČKI GLASNIK . 2020, vol. 14, issue 2, p. 168-173.en
dc.identifier.doi10.31803/tg-20200515215502cs
dc.identifier.issn1846-6168cs
dc.identifier.other164287cs
dc.identifier.urihttp://hdl.handle.net/11012/196744
dc.language.isoencs
dc.publisherUniversity Northcs
dc.relation.ispartofTEHNIČKI GLASNIKcs
dc.relation.urihttps://hrcak.srce.hr/index.php?show=toc&id_broj=19031&lang=encs
dc.rightsCreative Commons Attribution 4.0 Internationalcs
dc.rights.accessopenAccesscs
dc.rights.sherpahttp://www.sherpa.ac.uk/romeo/issn/1846-6168/cs
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/cs
dc.subjectbusiness risk managementen
dc.subjectconstruction projecten
dc.subjectcontract for worken
dc.subjecthedging instrumenten
dc.subjectpublic works contracten
dc.subjectretention moneyen
dc.titleManagement of Business Risk Hedging in Construction Contracts from the Perspective of Public Investorsen
dc.type.driverarticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
sync.item.dbidVAV-164287en
sync.item.dbtypeVAVen
sync.item.insts2021.05.17 12:53:06en
sync.item.modts2021.05.17 12:14:08en
thesis.grantorVysoké učení technické v Brně. Fakulta stavební. Ústav stavební ekonomiky a řízenícs
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