Research On Risk Response Of General Of Housing EPC Project Based On Engineering Insurance

As EPC has gradually become one of the main contracting modes in China’s construction industry,the general contractor of housing construction EPC projects is also facing greater risks than the traditional contracting mode,and the need to use engineering insurance to deal with their own risks has become increasingly prominent.As one of the important means of risk transfer,engineering insurance has been paid more and more attention by the general contractor of the housing construction EPC project.The insurance coverage rate of the project has increased year by year.However,due to the general contractor’s unclear understanding of the project risks,there are problems such as the mismatch between the types of insurance coverage and the risks,improper management of post insurance loss prevention claims,etc.,which make the engineering insurance unable to play the role of risk transfer.Therefore,from the perspective of the EPC general contractor of housing construction,this paper has completed the following three aspects of research based on the risk chain theory:(1)Identify the risks of the general contractor of the housing construction EPC project.Based on the risk chain theory,combined with literature and national policies and regulations,this paper identifies the risk factors and measurement indicators of the risk sources,risk events,and risk results of the general contractor of the housing construction EPC project,and further improves the risk list by using the Delphi method.(2)Build the risk chain of the general contractor of housing construction EPC project.In this paper,the risk list of the general contractor of the housing construction EPC project is made into a questionnaire for large-scale distribution.After the reliability and validity test,the structural equation model is used to evaluate the risk,determine the risk transmission path,and build the risk chain model of the general contractor of the housing construction EPC project.(3)Formulate the research on the risk response plan of the general contractor of the housing construction EPC project.This paper develops the general contractor’s risk response plan for the risk chain,including insurance plan,insurance procurement plan,loss prevention and claim plan.In the end,this paper proves the feasibility of thede plans by combining with empirical case analysis.These studies provide a reference for the general contractor of housing construction EPC project to conduct risk analysis and use engineering insurance to deal with risks.