Risk factors for subcontractors in the upper North region, Chiangmai province

Abstract

         Under the topic of ASEAN policy blueprints that describe being a region with economic development, it is necessary to develop small and medium enterprises in the ASEAN region. Construction business is a business that has various risks which also are very high for its operation. At present, residential construction projects often have obstacles in construction, are unable to achieve the operational objectives. This study of risk factors that derived from the contractors’ perspective and how they response to the risks found that all risk level indices were at moderate level in which there is no high level of risk. The categories that have the highest risk index are personnel in the organization, followed by the contract for construction, disbursement, bidding and the entry of contractors from other cities. The category that has the least risk index is external factors. The impact of the risk, results of this study found that most risk events have the greatest impact on the construction cost according to the opinions of sample group, followed by quality, time and scopes of work respectively.