Risk in Tendering & Contracting

Описание: Tendering and contracting play a huge role in project management. They don’t just make sure contracts are awarded within budget — they also set the stage for successful project delivery. Because of how important they are, it’s crucial to carry out proper risk analysis during both the tendering and contracting stages.

In this video, we’ll take a closer look at the key concepts and common risks involved in two popular types of contracts: lump sum and admeasurement. These types are widely used in the construction industry, so it’s important for anyone working in the field to understand how they work and what risks come with them.

Toward the end of the video, I’ll also walk you through a simple example of how to use Primavera Risk Analysis to assess project risks.

Primavera Risk Analysis