Appropriate Risk Response Planning of Build Operate Transfer Contracts for the Transportation Projects in Iraq

Abstract

Abstract The identification of risks in construction projects gives advance indications of the potential risks that may occur during project planning, construction or management. Therefore, identifying those risks and preparing the necessary plans to respond to them is a key detail for the success of the project from its failure. The projects implemented in the manner of a Build Operate Transfer (BOT) contract are accompanied by many risks due to the multiplicity of parties and the multiplicity of their responsibilities, as well as the size of those projects because they are usually associated with infrastructure projects. The aim of this research is to identify the most prominent risks in BOT contracts and the planned response against each risk. The adopted methodology is through conducting interviews and a closed questionnaire (included 77 out of 100 respondents), and the adoption of statistical analysis through the SPSS program and the scale of relative importance.The relative importance index technique was used to rank the risks according to their importance and discuss the reasons for their classification. The results showed a list of the most important risks that would be generated if the BOT contract was applied to transportation projects in Iraq, as well as the appropriate planned response to each risk based on historical information for previous BOT projects.