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Risk Allocation Framework in Agent-Construction Project in China

Abstract—Agent-construction system is an innovative management method for the Chinese government in delivering public project, in which the government client choose a professional company to undertake the managing responsibilities of investment and construction, and hand over to the user party when the project completed. In agent-construction system, the agent (the professional company) implements the developer’s duty, such as land acquirement, contractor selection, contract management, project cost, time, and quality management, etc. Therefore, the quadrangle relationship of sponsor, agent, consultant, and contractor makes the project management more complicated, particular in the responsibility and risk allocation.