Thesis (M.Sc.) - German University - Faculty of Postgraduate Studies and Scientific Research - Department of Civil Engineering

Risks are generally defined as the variations in the possible outcomes that exist in nature for given situtions. Construction projects in Egypt always experience high levels of risks and uncertainties due to their complex and dynamic environments. This, in turn impacts projects in both time and cost and causes numerous disputes between parties. Usually, project participants allocate risks by aversion where owners tend to shift risks to the primary contractor, who in turn transfers them to the subcontractiors. As a result of this, risks are not necessarily allocated reallocated to the party that is best able to manage them efficiently and effectively