Risks Problems in Infrastructural Projects and in International Construction Contracts (La Problemática Del Riesgo En Los Proyectos De Infraestructura Y En Los Contratos Internacionales De Construcción)

Abstract:     
It is common understanding that construction and infrastructure projects are risky by nature. The multiple parties involved in such projects, the various processes to be fulfilled and the environmental and managerial issues to be dealt with are enough reasons for any risk to exist. It is also clear that when dealing with risk it is of great relevance anticipate any events that may lead the project to an unexpected results. Throughout this article we identify and examine the various risks able to materialize in any infrastructure project and those relevant to international construction contracts.

Number of Pages in PDF File: 29

Keywords: Infrastructure Projects, Infrastructure, Project Finance, Risk, Environmental Risk, Legal Risk, Financial Risk, Construction Contracts, International Construction Contracts, FIDIC, Red Book.

JEL Classification: k12, k33

Accepted Paper Series