Document background
The Pre Tender Risk Assessment is a crucial document required before initiating major tender processes in Hong Kong. It serves as a comprehensive risk management tool that helps organizations identify, evaluate, and prepare for potential challenges before committing to a tender. This document is particularly important in the Hong Kong context, where complex regulatory requirements, dense urban environment, and unique market conditions create specific risk considerations. The assessment typically includes evaluation of market conditions, technical feasibility, regulatory compliance, financial viability, and environmental impact, aligned with Hong Kong's legal framework including the Construction Industry Council Ordinance and related regulations. It is essential for projects above certain value thresholds or complexity levels, helping organizations make informed decisions about proceeding with tenders and developing appropriate risk mitigation strategies.
