Hazards in Realization of Railway Investments Carried Out in Poland Based on Red Book FIDIC Contractual Conditions

Abstract

The article contains information on identified hazards during the implementation of railway investments in Poland. The study covered investments that were carried out on the basis of the FIDIC Contractual Conditions - Red Book. In recent years, railway investments in Poland have been largely implemented in the Design and Build formula. Unfortunately, this formula is fraught with many hazards, both for the contractor and the contracting entity. The aim of leveling the difficult-to-predict hazards (especially those occurring at the stage of investment implementation), whose effects negatively affect the implementation of investments, contracting entities more and more often decide to implement investments according to the FIDIC Red book. This procedure transfers most of the risk to the contractor, but according to the authors, it is also burdened with numerous hazards, which is demonstrated in the presented results. The research was carried out with the participation of a large group of selected experts and developed statistically. The paper presents a list of hazards with an indication of the frequency of their possible occurrence on future railway investments. The analyses were limited to risk factors resulting exclusively from the specificity of railway investments, omitting classical hazards associated with traditional construction. Statistical analyses were performed using the IBM SPSS Statistics 23 package. It was used to test χ2 and a one-way analysis of variance in the intergroup scheme.