Risk Profile Analysis
Flagging risk clauses in thousands of page long bid documents
Company Overview
Large engineering, procurement & construction company.
Business Challenges
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.
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.
Botminds Solution
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.
Completely configurable clause identification, Custom risk profiles built based on a few hundred training examples given by subject matter experts using point & click annotations.