PRESENTATION SYNOPSIS

All constructed buildings and installations begin with an intention to do so. These thoughts are generally crystallized into a Client / Consultant produced tender document and it is commonly known as the Intention to Bid (ITB) document by the bidder or contractor. The interested bidder then puts together a bid based on the scope of works within the ITB document for the project. Therefore, the bidder has to make an INFORMED CHOICE / DECISION based on the RISK MANAGEMENT of carrying out the project.

In most large companies, tenders are acquired by the Business Development unit for consideration. The management then, strategically selects the appropriate tender for the highest success rate. The Contract Services Dept., in association with the Procurement and Sub-Contractor’s Department, then processes these selections.

However, most ITBs have elements of uncertainty to a certain degree. The fact that all ITBs are based on future activities gives rise to one form of risk or another. However, these probabilities must be bounded and cannot be inclusive of uncertainty, which is not bounded. Therefore, the tendering process includes the conversion of all or most uncertainty to risk.


Speaker’s Biodata

Ir. Vignaeswaran Shanmuganathan, A specialist in Electrical and Business Information automation systems, has established his technical expertise in the design and implementation aspects of Distributed Control Systems (DCS), Supervisory Control and Data Acquisition Systems (SCADA), Substation Control System (SCS) and has published several international papers on them.

He has to date undertaken ‘unbelievably’ numerous tenders as part of his career path. The tenders were in a wide area of industry sector and leveraged on his electrical, instrumentation and industrial control expertise. His interest in information systems and subsequently project management has led him to present an ‘out of the box’ project and information management paper to the Institution of Engineers, Australia, as part of his Australian chartered certification.

He has a wide area of experience in the Oil & Gas, Building Services, Utility, and Mining electrical engineering. In addition, he has worked overseas in a USD 3 billion dollar Saudi Arabian King Saud University project. He has accumulated a passion for cross-discipline applications, tendering, automation, advanced information systems and project management.