Author(s)

Hong Anh Vu¹, Jianqiong Wang¹, Lianxing Min^2*, Sy Hung Mai¹, Hong Phong Nguyen³

¹School of Economics and Management, Southwest Jiaotong University, Chengdu, China.
²School of Management, Chengdu University of Traditional Chinese Medicine, Chengdu, China.
³School of Railway Section, University of Transport and Communications, Hanoi, Vietnam.

Recently, the highway construction projects increase rapidly in Vietnam and most of them are international contracting projects. It results serious negative influence on the local government and enterprises that the common cost overrun of projects, and the risk factors of it is different in the different countries, different stages and projects types. So in this paper, we generate an evaluation index system of highway construction projects cost overrun risk in Vietnam in the perspective of different project participants, and also evaluate the effects of these factors in method of regression analysis. The empirical results confirmed 7 main factors that have aggravated cost overrun risk in construction stages, e.g. survey and design scheme risk. In final, the corresponding suggestions are proposed to reduce the project cost overrun risk.

Highway, Construction, Cost Overrun, Risk Management, Vietnam

Vu, H. , Wang, J. , Min, L. , Mai, S. and Nguyen, H. (2016) Research on Cost Overrun Risk of Construction Phase of Vietnam Highway International Contracting Project. Engineering, 8, 86-98. doi: 10.4236/eng.2016.83011.