COST ANALYSIS BASED ON RISK OF CONTRACT FOR THE PRIVATE PROJECTS IN BADUNG, BALI

Abstract

The implementation of construction projects cannot be separated from risks. Risk can come from human, environmental, political, planning, marketing, economic, technical, natural, and financial sources. Based on these risk sources, project risks can be identified, so that preventive actions can be taken. The identified risks are analyzed against the cost risks that arise. In this study an analysis of the costs incurred as a result of these risks, especially those incurred due to contracts. The type of contract reviewed in this study is the FIDIC Red Book contract. This research was conducted by interview, literature study and contract data analysis. The results of this study obtained 25 identified risks based on the results of interviews and literature. The risk costs incurred in accordance with the identified risks are varied. The total cost incurred due to the identified risks is IDR 2,208,800,920