Project Governance

both the organization and tenderers, and also has an impact on the

market’s perception of the organization.

A bid evaluation report identifies the preferred tenderer and is used as

the basis of the investment decision by the organization. If the organization

has already approved the project’s business case, then the investment

decision has largely been made, providing the market response of the

preferred tenderer falls within the parameters of the business case. The

investment decision concerns whether the organization will commit to the

construction/build phase of the project with the preferred tenderer,

thereby incurring the cost and risk associated ...