Best Contractor practice innovations in managing risk during the Pandemic

Abstract

Due to the Pandemic, the contractor's ability to handle associated risk and uncertain conditions have become even more crucial to the successful completion of the project. In addition to strategic agility and inventive capabilities, entrepreneurial capabilities play a vital role in effective risk management. A quantitative research design employing the survey method to collect data from contractors in the Indonesian construction sectors was selected to conduct this study. 400 structured and self-administered questionnaires were disseminated, and after data cleaning and screening, 329 were finished. The collected questionnaires were further analyzed using SPSS and AMOS. The findings demonstrated a substantial relationship between inventive capabilities and risk management. A substantial correlation was also identified between strategic agility and risk management. The results of entrepreneurial leadership moderation have been large and favorable. The research has higher theoretical and practical value because the findings can be applied to the Indonesian building industry. In addition, the study contributes to the expanding body of knowledge on contractors' skills.