Joint Ventures in Construction

Large construction projects in Japan can be undertaken by a kyōdō kigyōtai, a joint venture of several builders. A document prepared for a working group of the Ministry of Land, Infrastructure, Transport and Tourism names risuku bunsan, spreading risk, as a purpose of joint ventures for large projects.

The same document traces the history of the system. In an entry for 1951, it lists the merits of a joint venture: greater lending power, kiken bunsan, the spreading of danger, stronger technical capacity and more experience.

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