Risk factors affecting the implementation of construction projects in Iraq

Abstract

The construction industry of Iraq is widely associated with multiple influencing factors that due to their specific lead to increased uncertainty and multiple risks during the construction phase. The main objective of this article is to identify and evaluate key risk factors and their impact on the formation of car parks and the realisation construction projects in Baghdad (Iraq). In this study the risks associated with construction projects identified with the help of open questionnaire and interview with construction project specialists. In total, factors of risks were identified and categorized into five groups: Financial, political, organizational, technical and legal. The study revealed that the top ten important risk factor are: Inconsistency structure specifications(76.89%), changes in design(75.97%), late arrival of equipment and materials from the country of origin(75.74%), poor coordination between the client and the contractor(72.29%), lack of clarity in contractual obligations(71.17%), the occurrence of internal problems between the project parties(71.17%), dues payment delay not according to contract (68.09%), insufficient financial allocations to complete the project(66.37%), war (47.75%) and receipt of operational advances delay due to legal proceedings(46.58%).