7 essential habits for highly effective tender risk management

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  1. A Rigorous governance process of reviews and approvals is followed.
  2. Tender team are all co-located, with clearly assigned roles and responsibilities.
  3. All contract documentation has been thoroughly reviewed and understood.
  4. The programme is deliverable, fully integrated, logic and benchmark tested.
  5. Prices are comprehensively market tested before finalising the tender.
  6. A detailed and realistic profit delivery plan has been agreed.
  7. Last minute changes, new documentation or supplier quotes are not accepted until thoroughly reviewed.