Cost uncertainty in a cable-laying contract

This case study describes a quantitative risk analysis undertaken with a construction company that was preparing a bid to design and construct fibre optic broadband infrastructure in a regional area. The purpose of the analysis was to understand the uncertainty in the initial cost estimate for the activity, and to contribute to the company’s decisions about whether to bid and at what price.

The case demonstrates the role of quantitative analysis of uncertainty as part of a contractor’s bid development process.

Read the full case study here.