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InfraBid

Know what contingency the job is really asking for

Name each risk with owner, likelihood and cost, and the register sums the exposure.

  • Owner, likelihood, cost per risk
  • Exposure summed across live risks
  • Closed risks kept, never lost
The old way.

The spreadsheet with four columns

  • Opened once, at kick-off

    The register is filled in at the start and never opened again.

  • Contingency, a round number

    Contingency is a percentage and nobody can say what it covers.

  • The risk quietly deleted

    A handled line is deleted, and when it returns nobody remembers.

The new way.

Four columns and their total

Each risk carries an owner, a likelihood from Rare to Almost certain, its cost and mitigation. Live risks sort by exposure and their total heads the register.

How it works.

  1. Name the risk

    Type a line, or tap a preset from weather to subcontractors.

  2. Owner, cost, likelihood

    Set an owner, a cost ex VAT and a likelihood.

  3. Read the exposure

    Likelihood times cost, summed across the live risks, is the exposure.

Questions, answered.

Is the exposure the contingency?

It prompts the contingency decision rather than making it.

Where is the register kept?

It stays on this device; no server reads a firm’s risk book.

What happens to a closed risk?

It stays dimmed at the foot, out of the exposure, and can be reopened.

Risk register is ready when the next tender is.

A live risk register prices every line by likelihood and cost and sums the exposure.

Protect the margin is the last of the three. See pricing

Goes well with.

Everything on the desk.