The Party Claims Risk Assessment Study

The engineering claim management plays an important role in engineering project management.The essence of engineering claim management is redistribution of risk between the contract and the contractor.During the implement of construction project, the engineering claim management is critical business between the contracting parties and plays an important role in performance of the contract.According to statistics, the construction claim is one of the main reason for the deviation of the project management target.Therefore, it is necessary to manage the claim for the party awarding contract, to reduce the happening of the construction claims; to ensure the project objectives can be achieved.Claim risk assessment is the premise and foundation of claim risk management for the party awarding contract.Before the project carried on, the claim risk of project should be analyzed and assessed.All kinds of claims risk reasons that are possible to occur should be considered and the risk size of main risk reason should be sentenced in advance, which will provide the reference for decision-making of contract award side and project management, reducing incidence of claims and improving the project’s investment returns.The evaluation index system and evaluation model of engineering project claims risk is built in this paper:firstly, associating with the characteristics of engineering project and the project management, the risk reasons which are possible to cause the project claim to occurred are analyzed.And, on the basis of predecessors’work, the claim risk assessment indicator system is established.Secondly, when the weights of claim risk indicators of each value are determined, the element-analytical hierarchy is adopted to calculate the degree of association value that claim risk of each layer are linked with each evaluation level by using the calculation method of correlation function.After that, using the concrete project example validate the evaluation model of scientific and practical when the party awarding contract predict the risk of claims.Thus concluded that using the project claims risk evaluation model which this paper built to assess claim risk will improve the accuracy of decision-making management of the party awarding contract, as well as for the party awarding contract provides the basis of the emphasis of the risk control when the project implementing, to predict the risk of claims and increase the active control.It is important to prevent and reduce loss claims for the party awarding contract.