RiskTools

Contractors

Risk Management is key to the successful outcome of a contract.

Recent research in the UK has found that 57% of contractors regularly declined tenders due to a lack of confidence in managing high risks OR added a too large contingency and lost the job as a result (refer Professor Loosemore presentation to AIPM & CIOB March 2006)

Risk management starts from the moment you consider whether to submit a tender.

We have helped contractors with the following (tick the areas which interest you):

	Development of an integrated risk management process
	BENEFITS Consistent approach to risk for all contracts Management at a programme level and by line managers Basis for efficient workshops	RESOURCES RBS information brochure
	Identify risks and how to manage them efficiently
	BENEFITS Only carry risks you control Demonstrate a reduction in the risk profile over the tender period (for management) Improve the likelihood of winning a tender	RESOURCES RiskOrganizer brochure RiskOrganiser product page Compiling a Tender Response Why spreadsheets won't cut it
	Assessing an appropriate contingency for risk
	BENEFITS Efficiently assess an appropriate contingency for carry risks	RESOURCES RiskValuer brochure
	Assessing risk and contingency in the time schedule
	BENEFITS Gain a realistic appreciation of the time needed for a project	RESOURCES Assessing (time) schedule risk
	Risk managment for relationship conctracts
	BENEFITS Enable an appreciation by all parties of their risks Improve communications Overcome barriers to an integrated approach (eg IT fire walls) Improve likelihood of achieving project and each parties desired outcomes	RESOURCES Consultancy info
	Risk managment during construction
	BENEFITS Access reports that encourage ongoing risk management	RESOURCES Reporting info
	Resolving issues
	BENEFITS Efficiently resolve issues through an assessment of a 'bottom line' amount	RESOURCES IssuesValuer brochure IssuesValuer product page

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