Decision Strategies Bidding Strategy & Bid Proposal Planning

Risk and uncertainty play a major role in the economic outcome of a bidded project, and particularly so with lump sum contracts. Submit too high a bid and your company is likely not to win the work. Submit too low a price and your company may win the bid but likely lose money on the project should schedule slip or costs rise unexpectedly. How then to plan your bidding strategy?

Decision Strategies works closely with EPC firms to better understand the range of possible outcomes for potential projects and their bid proposal. This facilitated analysis leads to an understanding of how long a project could take, how much it could cost, and also the probability of achieving an acceptable margin given these uncertainties.

Equipped with this insight EPC firms can then confidently determine a bid proposal which is both highly competitive and also within their corporate risk tolerance limits for prospective margin.

Want to talk directly with a Decision Strategies veteran consultant? Contact us today!