Tender Risk Analysis

Identify Red Flag Clauses from 1000s of Pages and Quantify Risk involved

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350+ average man hours spent by tender analysts in a leading construction company to quantify risks in 1000s of pages of tender documents.

350+ average man hours spent by tender analysts in a leading construction company to quantify risks in 1000s of pages of tender documents.

Challenge

Analysts need to decide whether to bid, analyse the risks involved, and identify key red-flag clauses that need critical examination.

Analysts need to decide whether to bid, analyse the risks involved, and identify key red-flag clauses that need critical examination.

Different document formats - predominantly scanned image documents need processing. The risk matrix used to evaluate this is very specific to the company/business unit.

Different document formats - predominantly scanned image documents need processing. The risk matrix used to evaluate this is very specific to the company/business unit.

 Business sensitive tender documents are not always public and hence cannot be shared outside the company network.

Business sensitive tender documents are not always public and hence cannot be shared outside the company network.

A reliable way to handle multiple documents and track changes in the clauses in amendments is required.

A reliable way to handle multiple documents and track changes in the clauses in amendments is required.

Botminds Solution

Botminds AI can auto-assign risk scores based on its past learning, specific to the organization risk profile.

Botminds AI can auto-assign risk scores based on its past learning, specific to the organization risk profile.

Generate downloadable tender information sheets with clauses & key terms that link back to the original document location.

Generate downloadable tender information sheets with clauses & key terms that link back to the original document location.

Subject matter experts can validate extracted clauses side-by-side with the original document.

Subject matter experts can validate extracted clauses side-by-side with the original document.

Results

10x
Faster Analysis

With skills trained to identify red flag clauses and to quantify risks at clause level, TA got scores on upload..

80%
Time Saved

Document sets, automated risk evaluation resulted in single person doing validation for each tender against 3 earlier.

100%
Accurate Data

After 15 days of training using 1000 documents we achieved all quality metrics defined before starting.

90%
Onboarding Efficiency

Trained models shared with other departments for similar tender analysis resulting in significant onboarding efficiency for subsequent projects.

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