Risk Profile Analysis

Flagging risk clauses in thousands of page long bid documents

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Large engineering, procurement & construction company.

Large engineering, procurement & construction company.

Challenge

Billion dollar construction contracts requiring deep scrutiny of bid documents up to 10,000 pages long.

Billion dollar construction contracts requiring deep scrutiny of bid documents up to 10,000 pages long.

Quick responses to bids required without missing a single critical clause for accurate costing.

Quick responses to bids required without missing a single critical clause for accurate costing.

High scale requirements given the massive bid document sizes that are time critical in nature.

High scale requirements given the massive bid document sizes that are time critical in nature.

High accuracy requirements due to the fear of missing crucial information, Subjective risk identification criteria varying based on division. No success with out-of-the-box contract understanding solutions.

High accuracy requirements due to the fear of missing crucial information, Subjective risk identification criteria varying based on division. No success with out-of-the-box contract understanding solutions.

Botminds Solution

A dedicated private cloud instance of Botminds with ‘division level bid understanding bots’ configured in a week.

A dedicated private cloud instance of Botminds with ‘division level bid understanding bots’ configured in a week.

Every bid document converted into a smart document accompanied with a structured summary. Summary flags red/orange/green risk clauses along with risk score.

Every bid document converted into a smart document accompanied with a structured summary. Summary flags red/orange/green risk clauses along with risk score.

Completely configurable clause identification, Custom risk profiles built based on a few hundred training examples given by subject matter experts using point & click annotations.

Completely configurable clause identification, Custom risk profiles built based on a few hundred training examples given by subject matter experts using point & click annotations.

Results

10x
Improved Bid Analysis

Reduced time to create notes, down to 6 minutes, from 20 minutes.

300%
Increased Productivity

Reduced time to create notes, down to 6 minutes, from 20 minutes.

30%
Faster TAT

Faster Bid Turnaround, automated bid summaries sent to top management, no fear of missing key clauses.

80%
Save Time

What is risk is very specific to your org/department. Botminds AI can learn fast, Automate and reduce manual efforts

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