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Risk Assessment of Participating of IT-Companies in Tendering Procedures

Student: Loginov Oleg

Supervisor: Marina V. Polyakova

Faculty: Faculty of Economic Sciences

Educational Programme: Bachelor

Year of Graduation: 2014

<p>&nbsp;In order to decide on participation in the tender procedure , a company has to know the possible risks , and thus to know the probability to win the tender .</p><div>&nbsp;</div><div>In this paper there was identified the risks associated with participation in the competition. Thereafter, the parameters were identified, by which the company will be able to manage their profit and risks. Finally, the model was built that allows to estimate the optimal value of these parameters and calculate the probability of winning in the upcoming tender under certain information specified in the application.</div>

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