4 Tips for managing risks with your bidders: are you up to the challenge?

Risk is an inherent part of all but the simplest of procurements.

As a buyer, you will be concerned about the risks associated with bringing your project in on budget, on time and to the contracted level of quality and technical capability. Success will depend on how you work with your bidders before and during the competition to help them develop solutions that reduce your risk and capture opportunities. This will ensure you have a sound understanding of each bidder’s final proposal to support your procurement decision.

On the flip side, during the competitive procurement process, your bidders will be thinking about what positions them to maximum advantage. This means the procurement process you define – as well as the scoring methods you use – will largely determine how your bidders choose to engage with you and, ultimately, how successful you are.

In this easy-access guide, we’ve teamed up with Commerce Decisions to bring you our 4 top tips for successfully managing risk with your bidders, to encourage open and honest engagement, and ultimately better procurement outcomes.

Download your copy now to access the guide in full.

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