Tender Management process in the Utilities industry
Serving municipalities and other public autorities across the globe on their utilities such as water, energy, telecoms and wastewater is usually conducted through a long term contract issued through a bid process.
Utility sector is caracterized by its typology of contract. A large chunk of the its tender activity pertains to the renewal of existing contracts.
Using Aitenders In Risk Identification
One of the main activity during the tender phase is to understand and quantify the severity and probability of occurrence of risks. Long term service level agreement embark many risks that can be difficult to identify and quantify. Who knows what can happen in a 50 year DBOT contract.
As such, a particular attention has to be made on the contractual terms and it’s impact. Pattern detection and supervise learning on an industry based model brings an additionnal level of confidence in the risks identification and its coverage.