Site icon Executive Compass

The Role of Risk Management in Bid and Tender Opportunities

For buyers and purchasing authorities, minimising risk is one of the most crucial aspects in the supplier selection process, and will be duly reflected in the evaluation criteria. To allay any potential concerns, suitable and sufficient evidence must be included to supplement quality questions to persuade authorities that appointing your organisation to the contract will produce the lowest risk of delivering works or services out of all prospective tenderers.

Purchasing authorities incur significant risk when opening an opportunity up for tender or appointing a new supplier, including:

Consequently, they will expect tender responses to address these concerns and demonstrate appropriate control measures for managing and overcoming risks inherent to service delivery.

Risk management in quality responses

Providing a risk register for commonly encountered hazards to service delivery is a common fixture for questions around mobilisation and health and safety – however, acknowledging potential risks and mitigation measures to overcome challenges will be a beneficial ‘bid theme’ across all responses within the quality portion of the tender.

Business continuity planning

Questions around business continuity plans form a common element of quality responses, and hold perhaps the most direct relevance to risk management. Evaluators will wish to know which procedures are in place for events which threaten continuity of service, in addition to common issues relating to disruption. This can consist of:

ISO 22301:2019 provides formal certification that your organisation is equipped with an optimised business continuity management system, assuring evaluators of your ability to mitigate or swiftly recover from disruptive incidents. If you do not possess ISO certification, a copy of a formal business continuity plan, signed and reviewed annually by the relevant manager or director can be used as evidence of risk management.

Quality management and contract performance

The purchasing authority will want sufficient reassurance that works will not only be delivered on time, but in accordance with quality standards outlined in the contract specification. To demonstrate how your quality management system will manage risks to achieve a consistent and high standard of quality in service delivery, consider demonstrating how your organisation promotes excellence via:

ISO 9001:2015 is the universally recognised standard for quality management systems, demonstrating to authorities that any quality risks are effectively evaluated, controlled and communicated.

Health and safety

For obvious reasons, the core principle of health and safety is minimising risk to protect employees and members of the public from hazards. A minimum requirement for a high-quality response would include your methodology for producing RAMS, implementing a safe system of work and the details, qualifications and experience of your nominated H&S representative.

However, demonstrating effective risk management for health and safety can be bolstered by the following:

As always, health and safety accreditations will improve your organisation’s standing from the evaluators’ perspective, with common certifications including ISO 45001:2018, Constructionline Gold and CHAS.

Social value

Introduced by the Social Value Act 2012, social value refers to actions businesses engage in to promote positive change or growth within communities. This can include boosting local employment, supply chain spend with local businesses, volunteering or charitable donations and in-kind contributions. Social value responses constitute 10% of the evaluation criteria for contracts from central government authorities and typically range between 5 to 20% for sub-central authorities such as local councils or NHS trusts.

Although social value may not be immediately associated with managing risk, authorities will want to know about your systems and procedures in place for delivering on proposed commitments, as offerings will form a contractual KPI. Minimising risk can be demonstrated by:

Furthermore, by committing to social value opportunities which are feasible and proportionate to the contract value, authorities will be reassured that the risks to proposed benefits will not impede overall delivery.

Risk management when considering tender opportunities

Lastly, it is equally important to consider any risks which your organisation may incur as part of the bidding process, such as submitting a low pricing schedule which would result in long-term issues. For example, the practice of suicide bidding – submitting tenders at-cost or at a loss in order to maintain turnover and keep the workforce employed – was particularly prevalent following the 2008 financial crisis to obtain contracts.

This famously resulted in the large construction company Carillion going into liquidation in January 2018, after reaching a debt balance of £900 million and failing to obtain additional lending from banks. Prior to its insolvency, the firm supported over 40,000 jobs worldwide, 19,500 of which were based in the UK.

To perform your own risk management diligence, ensure that you undertake a detailed ‘bid/no-bid’ decision prior to beginning the tender exercise, with all relevant stakeholders involved. Generally speaking, this will comprise:

Once you have completed this process, it should become clearer whether the opportunity is achievable and sensible to pursue.

Bid and tender support

Backed by 14 years’ experience, 7,000 ITT and SQ submissions and a fully auditable 85% success rate, Executive Compass provides a range of bid and tender management services, including a no-obligation call to support your bid/no-bid decision. To find out more, our sales and marketing team are contactable at 0800 612 5563, or alternatively via email info@executivecompass.co.uk.

Exit mobile version