A Study on Risk Assessment in Construction Tendering Methods

Abstract A bid or proposal, convey the interest of a particular invited tender called as Tendering. Suppliers or contractors will look for a business to particular project. Such as Goods supply, Electrical works and Transportation etc., they select an offer and satisfy their needs with minimum cost estimation and better quality of goods or service. Risk valuation is the progression of risk identification, classification of risk and estimate the outcome of risk analysis and recommendations for risk avoidance or rectification based on survey. This study discuss about Phases of tendering, proceedings and its limitations. Also to finds the causes of risk on the period of ordering process. Keywords: Study, Risk Assessment, Construction and tendering methods.