CONTRACTOR*
QUANTITATIVE
QUALITATIVE
RISK RESPONSE
1. PREQUALIFICATIONS LIST Will some contractors be prequalified? If so, in your professional opinion, are there acceptable considerations in formulating the list of prequalified firms?
2. BIDDING PROCESS How will the bidding process be undertaken? How will the bid(s) be awarded?
3. YOUR INVOLVEMENT IN SELECTION Do you believe you will have sufficient input to assist the client in reviewing the bids and selecting the contractor?
4. ADEQUATE BID Is the contractor bidding responsibly?
5. ADEQUATE FINANCIAL STRENGTH Has the contractor demonstrated adequate financial strength to procure the necessary bonds and to complete the project?
6. EXPERIENCE WITH PROJECT TYPE Does the contractor have sufficient experience with this project type and the anticipated site conditions?
7. OTHER
OVERALL CONTRACTOR ASSESSMENT
*If you do not know initially who the Contractor is, it is essential to complete this analysis once the Contractor is known. 49 • From Risk to Profit - Benchmarking and Claims Studies Victor
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