Researchon Risk Managementof Project Bidding

Project bidding is a kind of procurement method. The tenderee releasespurchasing information within necessary scope, illustrating the terms of business. Thebidders submit offers within the specified time to the tenderee. After comparing theoffers according to established standards, the tenderee signs a contract with thebidder submitting the optimal offer. During this process, there are many risks, and theRisk Event resulted by these risks will disrupt the bidding and even the projectimplementation. However, there are limited literatures giving system research on therisk management if project bidding so far.Firstly, this article studies the Risk Identification and analysis of incentives ofproject bidding on the basis of project bidding, risk management theory (theprocedures and methods of Risk identification, the risk factors existing, analysis ofincentives) and the current status and problems of Chinese project bidding.Secondly this article introduces the methods about risk estimation and risk assessmentof project bidding. Thirdly this article studies the Risk Control of project bidding (thegeneral strategy of risk aversion, methods about risk prevention and risk control).Fourthly, this article studies the procedures and content of the after the RiskAssessment of project bidding. Lastly, this article carried out a case study.This article introduces the risk management theory into the project biddingprocess which is the first step of project procurement. The article sets up theframework of risk management theory about project bidding, giving the general riskcontrol measures for the project bidding. The article provides train of thought andbasis for risk managers of project bidding. So the article is favorable to prevent andcontrol the occurrence of risk to the utmost extent, to break away from feedbackcontrol, to save expenses, to ensure the quality and to lay the foundation of successfor project bidding.