Engineering Project Bidding Risk

Statistics show that 80% of the construction projects underwent in China today turned out to be unsatisfactory. Reasons of many of the problems happened during the construction process can be found in the initial stages. The success of a project, which achieved satisfactory cost, progress, quality and safety control, resulted from a perfect blueprint. Therefore, careful planning of the initial stages of a project is fundamental.Public bidding is the vital component of the initial stages of a construction project, because the cost, the time limit and the quality standards are determined in this stage. In China, public bidding is only a recent history. Through years of exploration and practice, it has developed into various forms, and it is becoming more and more internationalized. However, public bidding tend to be influenced by many external factors and the risks that come with the bidding may grow or even multiply with the construction process. This is the reason why some projects failed even if they had adopted the process of a public bidding. Therefore, it is absolutely important to explore the means to eliminate these risks, thus provide guidelines for project management.Application of risk identification, analysis and evaluation of the stage of the bidding process for analysis, evaluation of the bidding process. tender and the tender documents, as well as the possible consequences; The methods used to cope with risks, the risk of bidding should explore measures to reduce the risk of bidding to achieve controlled in advance. The purposes seek advantages and avoid disadvantages. As the bidding work was the main problems are basically caused by human factors. Human factors often concealed, but the test results of the bidding. General acceptance and delivery of the project until after the damage caused by several general risk factors common cause, thus the risk of the bidding process should focus on risk identification.Who wish to tender bidding optimal performance and the lowest cost. Through tender hopes to achieve its profit maximization, the relationship between the two is a game.This paper analyzes analysis, subjective estimation, analysis, bidding to conduct an in-depth analysis the main risk bidding reached, and the size of their potential losses for the comprehensive assessment. formulated a series of corrective measures, thereby circumventing bidding for projects and reduces the risks associated with implementation, allow the project to ensure the decider, the thrust of this paper is located.According to the results of this study are the investment environment and the implementation of the project, according to the different phases of the project. using different methods to cope with risks, the risks should formulate specific measures for the bidding information; correct approach to bidding risk, according to the owners of the different aspects of the project risk sensitivity certain aspects of the project are to increase awareness of risk, using the venture strategies, and opportunities for speculation; establish an effective monitoring system to increase Circuit superscript, subcontracting, and other issues linked to the investigation., maintaining a healthy market competition order.