Tender Risk Analysis
Identify Red Flag Clauses from 1000s of Pages and Quantify Risk involved
Company Overview
350+ average man hours spent by tender analysts in a leading construction company to quantify risks in 1000s of pages of tender documents.
Business Challenges
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.
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.
Botminds Solution
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.
Subject matter experts can validate extracted clauses side-by-side with the original document.