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.

About Risk Decisions

Risk Decisions is a pioneering global risk solutions company, located in the UK, North America and Australia.

Our Predict!® risk software solution provides a beautifully simple platform for capturing, analysing and managing your risks and opportunities, allowing you to make timely, risk-intelligent (RQ) decisions that support success across your organisation.

Based on 30+ years of experience delivering risk solutions, our Connecting Risk consulting service champions positive risk culture and best risk practice. The service delivers Risk Vision, Framework and Engagement across your organisation: enabling transformational risk conversations, developing mature risk mindset, and harnessing innovation to achieve great outcomes.

Risk Decisions deliver practical enterprise risk solutions and services at project, programme, portfolio, product, functional, operational and strategic level, to enable you to meet your business objectives and achieve a positive Return on Investment (ROI) in risk management.

About Commerce Decisions

Since our beginnings in 2001, we’ve set out to ‘make a difference by helping people around the world benefit from the right procurement decisions being made on important projects.’

Our pedigree solutions combine software with thought-leadership and expert services to support both buyers and bidders deliver the best possible outcome on the most complex of procurements.

These solutions have been crafted and refined over the past 15+ years to support some of the largest projects in the world across defence, infrastructure, government and commercial. We continue to develop our offerings to reflect the very latest thought-leadership and industry changes.

That’s why we’re trusted by organisations globally to support, develop and enhance the procurement process on their strategic, high-risk projects. It’s this unrivalled experience and knowledge that makes us unique.

Whether you’re looking to shorten time to contract, improve value for money, or reduce risk, via our AWARD® solution we’re here to make a real difference.

And with our ADVANCE™ solution for bidders, we use our evaluation expertise to bring clarity, focus and structure to the bidding process, helping you increase your bid scores by up to 7%.

Find out more at www.commercedecisions.com