@inproceedings{oai:kutarr.kochi-tech.ac.jp:00000787, author = {Blake, James}, book = {Society for Social Management Systems Internet Journal}, issue = {1}, month = {Mar}, note = {Kowloon Canton Railway Corporation (KCRC), a wholly Government owned entity, standing alone, is required by law to produce a return on investment based upon prudent commercial principles. In this paper KCRC’s successful on time and within budget approach to constructing US$9.4 billion of new railway works over a time span of eight years, is described in the context of risk allocation between the Employer and Contractors compatible with International practice. Contract awards were made after competitive tendering fully in accordance with the World Trade Organization rules applicable to procurement by Government agencies.}, publisher = {Society for Social Management Systems}, title = {Major Railway Works in Hong Kong - on Time & Within Budget to Operating Success}, volume = {1}, year = {2005} }