---
id: risk-oriented-estimating
aliases: []
tags:
  - destiny/permanent
  - status/incomplete
  - topic/estimating
  - topic/risk
  - type/philosophy
title: Bid Process Strategy
---
# Bid Process Strategy

This note is intended to describe
...
particularly [[strategy#Auction Theory]],
which specifically addresses the competitive bid format
typical of construction project award.

**Executives** inform **Risk Tolerance**,
**Risk Tolerance** informs **Minimum Estimate Certainty**

### Bid Strategy

Project cost certainty

#### Expected Competition

### Estimation Strategy