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Perceptions and management of the risks in tendering for refurbishment work

By: Language: English Series: Building Research and Information ; 19(6) November/ December 1991, 356-359(4)Publication details: 1991Subject(s): Summary: Difficulties in the rapidly increasing refurbishment sector, such as the lack of drawings, hidden extent of damage, and presence of tenants in occupation, combine to creat a climate of greater risk which is reflected in higher tender bids than those for new build projects. This article reports the conclusions of a survey which sets out to test the premise of higher risk.

Difficulties in the rapidly increasing refurbishment sector, such as the lack of drawings, hidden extent of damage, and presence of tenants in occupation, combine to creat a climate of greater risk which is reflected in higher tender bids than those for new build projects. This article reports the conclusions of a survey which sets out to test the premise of higher risk.