Analysis of Risk Management for Construction Projects

The length of the implementation period in the construction of projects may lead to a change in circumstances which expose them to many risks because of the length of the implementation period and multiple stages, beginning with the start-up phase and even phase of the project, and this leads to increased circumstances of uncertainty and increasing the probability of the occurrence of risks, and this is reflected negatively on the construction contracting and construction economy.In this research questionnaire was developed to identify the risks encountered in construction. Projects have been distributed to some local and foreign construction companies in Libya, having been identified the risks that may face the projects. Through questionnaires and interviews with engineers and project managers of companies, and making risk analysis qualitatively, there was a need to prepare a checklist of the risks facing projects in Libya, and know the benefit of the contractor and the owner based on the results. This paper examines the most important risks faced by construction projects in Libya, which is difficult and how they are able to implement these projects and housing companies, the research explains a formulated model to evaluate companies before being contracted to know the financial and technical capabilities.