| Title |
A Study on Risk Factor Analysis and Improvement Strategies in Joint Venture Contracts |
| Authors |
서원경(Seo, Wonkyoung) ; 정병헌(Jung, Byeong-Heon) ; 진희원(Jin, Hee-Weon) |
| DOI |
https://doi.org/10.5659/JAIK.2026.42.3.329 |
| Keywords |
Joint Venture (JV); Joint Implementation Method; Joint Contract Operation Guidelines; Standard Agreement |
| Abstract |
Recent trends in the construction industry show increasing diversification and expansion of construction projects. As a result, demand for joint
contract systems that can distribute construction risks has continued to grow. The joint contract system was originally introduced to foster
small and medium-sized enterprises (SMEs), diversify risks, enhance performance capacity, and achieve ordering objectives. It has also been
used to complement project execution capabilities, transfer construction technology, and accumulate construction experience. However, contrary
to its original purpose, the system has faced operational difficulties due to a lack of detailed management guidelines and insufficient
supporting legislation. In particular, conflicts of interest among participating construction companies have led to various disputes. In response,
this study identifies existing problems through a review of previous research and verifies issues encountered in practice through questionnaire
surveys. Based on these findings, improvement measures are proposed and subsequently examined through expert interviews. The study
ultimately identifies and analyzes factors that hinder effective cooperation within the joint contract system and suggests improvements to
current joint contract operation guidelines and standard joint supply and demand agreements. |