PROCURING LARGE PROJECTS AND PROGRAMMES

Commercial realism will improve competition and project delivery

Click through to read more about our key findings

Route to market by contract size

Two-stage remains dominant on larger projects, but single-stage use is rising where clients can bring better-developed information and faster decisions.

Bid/no-bid decision-making

Contractors are applying more stringent bid/no-bid tests on major projects, with commercial terms, financial returns and client governance now decisive.

Bonds and sureties

On larger projects, bonds remain available but contractor appetite is tightening, making proportionate security requirements more important to preserving competition.

Route to market

Two-stage remains dominant on larger projects, but single-stage use is rising where clients can bring better-developed information and faster decisions.

Bid/no-bid decision-making

Contractors are applying more stringent bid/no-bid tests on major projects, with commercial terms, returns and client governance now decisive.

Bonds and sureties

On larger projects, bonds remain available but contractor appetite is tightening, making proportionate security requirements more important to preserving competition.