PROCURING IN A VOLATILE MARKET

Risk management more important than ever in face of market uncertainty

Click through to read more about our key findings

Behavioural responses

Contractors are once again seeing increased collaborative procurement practices including more appetite for clients to hold risk.

Bonds and sureties

Contractors are less keen to extend bonding facilities, despite good availability albeit at an elevated price.

Key pressure points

General economic conditions remain contractors’ biggest concern, with regional pressure points showing how persistent volatility is shaping risk appetite and procurement behaviour.

Fixed price and tender validity

Tender validity periods have shortened, but contractors are still offering fixed prices where scope and risk allocation remain balanced.

Behavioural responses

Contractors are once again seeing increased collaborative procurement practices including more appetite for clients to hold risk.

Bonds and sureties

Contractors are less keen to extend bonding facilities, despite good availability albeit at an elevated price.

Key pressure points

General economic conditions remain contractors’ biggest concern, with regional pressure points showing how persistent volatility is shaping risk appetite and procurement behaviour.

Fixed price and tender validity

Tender validity periods have shortened, but contractors are still offering fixed prices where scope and risk allocation remain balanced.

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