The assessment of the risks and opportunities for the bidder, both for inclusion in the bid documentation and specific to your organisation or consortium.

• Develop the risk management plan and responses to risk management questions required by the bid
• Capture estimating and schedule assumptions and their potential impact on your objectives
• Understand your exposure to loss and potential for enhanced profitability before submitting and committing to a bid
• Assess the implications of contractual performance mechanisms
• Kick start the uncertainty management process early – be prepared for contract award and implementation