Resumen
With the trend in procurement systems from the traditional competitive tender to negotiated tenderwith a consortium or joint venture company, there is a growing need for the management of risks to behandled with greater care and depth. There are two levels of risk handling in these comp/ex projects, onebetween consortia partners and the second between the consortium and the client. There is growing need tolink the risk management plan to the negotiation of contract to create a lasting partnership between theproject participants. Contracts negotiated in isolation to the risk management study results, if at allconducted, fail to allocate the risks to the parties most capable or willing to take those risks and managethem. Contractors have to adapt to the innovative, long-term type contract. This paper discusses themanagement strategies of contractors who are major stakeholders in such ventures using a case study model.