Risk identification and allocation of Singapore construction joint venture projects with developing countries
Wei Yan (Eileen) Chin, National University of Singapore.
In response to the increasing globalisation of the construction sector, Singapore’s government is encouraging local construction companies to seek new business opportunities overseas. As a result, joint ventures with developing countries have become increasingly popular, despite the complexity and potentially high levels of risk.
This study seeks to identify and assess the critical risks, and propose appropriate risk allocation strategies that Singaporean contractors should adopt when establishing joint ventures with developing countries. Risks were identified through a comprehensive literature review and case studies, and were then assessed through a questionnaire conducted with professionals. Hypotheses were used to validate the significance of the various success and failure factors for forming joint ventures.
Comparing the biggest risk factors for building and infrastructure projects, political and financial risk were ranked as most critical for both groups. While the majority of risks can be shared, the paper identifies five risks that should preferably be allocated to the host or foreign partners. By providing practical guidelines for risk assessment and mitigation, this paper aims to enhance the probability of success for Singaporean joint ventures abroad.
This dissertation was the Premier Award Winner, Undergraduate Dissertation Award, CIOB International Innovation & Research Award, 2014.
The judges said, “The student has demonstrated excellent research skills by presenting this outstanding dissertation. The dissertation not only provides a comprehensive literature review on joint venture projects and related issues, but also possesses a well-justified research methodology with good data analysis. The analysis is exceptionally clear and logical and leads to appropriate conclusions and relevant recommendations.”
--CIOB
[edit] Find out more
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
Encourage individuals to take action to save water at home, work, and in their communities.
Takes a community to support mental health and wellbeing
The why of becoming a Mental Health Instructor explained.
Mental health awareness week 13-18 May
The theme is communities, they can provide a sense of belonging, safety, support in hard times, and a sense purpose.
Mental health support on the rise but workers still struggling
CIOB Understanding Mental Health in the Built Environment 2025 shows.
Design and construction material libraries
Material, sample, product or detail libraries a key component of any architectural design practice.
Construction Products Reform Green Paper and Consultation
Still time to respond as consultation closes on 21 May 2025.
Resilient façade systems for smog reduction in Shanghai
A technical approach using computer simulation and analysis of solar radiation, wind patterns, and ventilation.
Digital technology, transformation and cybersecurity
Supporting SMEs through Digitalisation in Construction.
Villa Wolf in Gubin, history and reconstruction. Book review.
[[w/index.php?title=W/index.php%3Ftitle%3DW/index.php%3Ftitle%3DW/index.php%3Ftitle%3DW/index.php%3Ftitle%3DW/index.php%3Ftitle%3DConstruction_contract_awards_down_1bn%26action%3Dedit%26redlink%3D1%26action%3Dedit%26redlink%3D1%26action%3Dedit%26redlink%3D1%26action%3Dedit%26redlink%3D1%26action%3Dedit%26redlink%3D1&action=edit&redlink=1|Construction contract awards down £1bn]]
Decline over the past two months compared to the same period last year, follows the positive start to the year.
Editor's broadbrush view on forms of electrical heating in context.
The pace of heating change; BSRIA market intelligence
Electric Dreams, Boiler Realities.
New President of ECA announced
Ruth Devine MBE becomes the 112th President of the Electrical Contractors Association.
New CIAT Professional Standards Competency Framework
Supercedes the 2019 Professional Standards Framework from 1 May 2025.
Difficult Sites: Architecture Against the Odds
Free exhibition at the RIBA Architecture Gallery until 31 May.
PPN 021: Payment Spot Checks in Public Sub-Contracts
Published following consultation and influence from ECA.
Designing Buildings reaches 20,000 articles
We take a look back at some of the stranger contributions.
Lessons learned from other industries.