Research On Bidding Strategy And Risk Management For International Electric Power Project

As the deepening of the globalization, joining the WTO and development of reformation and opening policy, the PARTY set forth the "go out" strategy to keep with globalization trend. The ultimate goal of the above said strategy is exploiting the international market and international resources, promotion the economies and domestic company's competitiveness, taking on the globalization challenge and expanding the international market share. As statistical data of Ministry of Commerce, national foreign contracted projects'turnover is up to 0.5603 trillion till the end of 2009. Also, the number of company with the qualification of foreign contracted projects has reached about 3000 and their business scope covered various countries and sectors. The contracted projects'scales have intensively increased. Also, the international contracted projects have got great achievements and development.The public bidding system is one of the most important component work in international contracted projects. As a mature and senior transaction method, it has been widely adopted and intensified by various countries and organizations, even through legislation. Now the trend of international bidding system has been maintained to more uniform, open and organization. The successful bidding work is the key factor for getting an international project.The paper discusses the international electric power projects bidding strategy and risk management through contemporary management theory. The paper analyzes situation based on state of the international electric power projects bidding. Targeting on the tender valuation indicator weights, the paper re-sets the weights according to the feature of projects.Based on the practical experience in bidding work, the paper discusses the tactics and skills on bidding work including the information collection and tracing, analyzing the interior and outer factors, selection bids and cost pricing. It also presents the creative methods on difference pricing and reformation in the bidding work. In the bidding tactics and skills sector, the paper sums up an un-balanced pricing method by linear programming. In the risk management sector, the paper sums up risk identification, analyzation and valuation methods by management theory and practical experience.In the end of the paper, the paper discusses the practical application in ZETT's (Zhejiang Electric Transmission and Transformation Engineering Co.) international bidding work.