Study On Risk Management In The Bidding Stage For The International Engineering Projects

Along with the rapid development of the Market of the international Engineering project and under the guidance of going abroad policy from the Chinese government, further more, with the strong support from the Chinese Financial Organization especially from the China Import and Export Bank and China Development Bank, more and more Chinese Contractors enter into the Market of the International Engineering projects. However, due to the integration and complexity of the International Engineering Projects, it is always deemed to be a high risk practice. Bidding is the first step to enter into the aimed market, and the risk in the bidding stage is the source of the other risks. Therefore, it is of great importance to study on the risks in the bidding stage.This article studies on the risks in the bidding stage for the international Engineering projects applying the method and theory of the project risks management. It analyzes and identifies the risk factors in the bidding stage. Additionally, it evaluates the risk factors using the Fuzzy Analytic Hierarchy Process and points out the corresponding measure to cope with the risks. At last, this article takes an international Road Project as an example. It gives a sequence for the risks in the bidding stage for the said road project applying the model of the Fuzzy Analytic Hierarchy Process. It also evaluates the overall risks and points out the strategy for preventing/reducing the identified risks from happening for the said road project.