| In order to cope with the shrinkage of the market of marine works in the countryand satisfy the requirement for the sustainable development of the Company,enlarging the international projects contracting has been the essential route that theCompany has to go through directed by the strategy of going to the outside.The risk exists objectively and it won’t change with human’s subjectiveconsciousness. Influenced by longer cycle, larger construction size, multi-companyparticipation in itself, together with the whole international environment and society,economy, even religion condition in local country, the risks confronted forinternational projects are more complicated. Since bidding is the vital initial step forparticipating in international projects competition, it is essential and practical to studyrelevant risks involved in bidding for international projects.Combined with the author’s practical experience, following methods have beenapplied to study relevant risks involved in bidding for international projects:1. Risk management by projectsManagement by projects for organization and bidding process has been included.2. Comprehensive risk managementSystematic and dynamic methods have been employed to control the risks duringthe whole bidding process to reduce the uncertainty.3. Combined qualitative and quantitative analysis technology and methodSWOT Method and Fuzzy Comprehensive Evaluation Method have been usedfor analyzing decision-making for bidding.Management by projects has been employed during bidding for Port Said EastContainer Terminal–Phase2Marine Works. Having been familiar with terms of theContract, five factors set of project, requirement of tender, employer includingConsultant Engineer, bidder and natural, economic, social and cultural environmentinvolved have been fully and precisely understood after site investigation. SWOTMethod and Fuzzy Comprehensive Evaluation Method have been used fordecision-making for participating the bidding. Basing on above mentioned, localcurrency has been adopted in quotation to relieve/eliminate inflation of bulk materials, manpower and abnormal fluctuation of exchange rate of US dollar. Advance paymenthas been raised to20%of Contract Price in order to improve the cash flow at theearly stage of the project. Advantage in marine works has been used to put forth analternative design proposal, and the quantity has been reduced greatly to eliminateadverse influence that may increase cost. Risks have been controlled with abovemeasures; following concludes have been achieved after studying:(1) Management by Projects is a necessary organizational measure tomanagement risks successfully during bidding for international project.(2) Comprehensive risk management is effective during bidding for internationalproject.(3) Bidding flow is an important link and tool to realize Management by Projectsand Comprehensive Risk Management.(4) Suitable method must be applied in Risk Management in bidding forinternational project. Combined qualitative and quantitative analysis parameters fordecision-making for risk management can be achieved with application of SWOTMethod and Fuzzy Comprehensive Evaluation Method. |
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