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What Is a Risk Analysis in Procurement (Riskanalys, Sweden)?
This is a Swedish procurement term. An assessment carried out by the contracting authority to identify the risks associated with a procurement.
Why does the risk analysis matter to suppliers?
It affects which requirements and contract terms are set, for example requirements on financial stability, liquidated damages or security.
Should suppliers carry out their own risk analyses?
Yes, before every bid. Assess the risks in the contract terms, pricing, resources and delivery capacity before submitting a binding bid.
What risks are common in public contracts?
Fixed prices over long periods, high liquidated damages, uncertain volumes in framework agreements, and requirements that are hard to meet throughout the contract term.
