Based On The Risk Attitude Of The Fixed-price Contract Risk And Countermeasures

Along with the development of our country's construction industry, the research in the field of construction activities are increasing. As well as the project contracting model research, but also a lot of fixed price contract risk and its countermeasures to explore the theory and research is very limited, which is not quite match with the reality of an increasingly wide range of applications of fixed-price contracts in the construction market, also has a certain degree of contrast with many problem exist in the implementation of the fixed-price contract. Therefore, the purpose of this study is to provide a more effective and reasonable solution methods of the risk problem to a fixed price contract application process, namely the practical application of "engineering insurance and guarantee". Through the detailed analysis of risk factors and the reasons in the fixed-price contract implementation, with the engineer insurance and guarantee, which is gradually development perfect in our engineering construction field, as the breakthrough point, take the risk attitude theory and contract theory as a guide, combining the existing research results, this paper puts forward the points and Suggestions about the contract risks effectively guard against the fixed price contract risk.In this paper, the author used the method of combining of theory and empirical analysis to describe the applicability of risk measures, and thus further improve the proposed measures to prevention the fixed-price contract.Because the lack of research on the fixed—price contract in domestic, on the basis of the existing research on the fixed—price contract risks, this paper do further elaborates the connotation of the concept of fixed—price contract and risk management, and point out the problem that carry out the fixed—price contract under our current conditions, furthermore, this gives the direction for subsequent research. And then, through the definition of the risk problems and it"s reasons in the implementation of fixed—price contract, with the risk attitude theory and engineering insurance and guarantee theory, combined with the contract risk management methods under the existing conditions, get the main points of this paper.The main research method of the theme could be summarized as "principal—agent" theory of the institutional economic, transaction cost theory and contract theory. combined with empirical case studies to analysis and discuss the points.In the first chapter, the meaning and value of the theme, the research status, context, research scale and the research framework are introduced. In the second chapter, the definition and characteristic, contract theory, principal—agent theory, transaction cost theory are combed. In the third chapter, I introduce the characteristic, classification and reasons of the contract risk, focus on the analysis of the risk of fixed—price contract, combined with the risk attitude and utility theory to analysis the contract parties attitude and utility on the risk. In the forth chapter, the definition, characteristic and application of the engineering insurance and guarantee in the fixed—price contract. In the fifth chapter, combined with engineering case, analysis the practical application of the engineering insurance and guarantee. In the sixth chapter, a forecasting and several suggestions are mentioned.The conclusion of the theme is that a reasonable use of engineering insurance and guarantee can effectively guard against the fixed—price risk in the process of contract implementation. This conclusion is based on the reasonable argument foundation.