Awarded 24 Jul 2019
This is an awarded contract.
View Live TendersQuantitative Risk Analysis Services for Thornlie-Cockburn Link and Yanchep Rail Extension
About
Public Transport Authority awarded a contract to IQE Pty Ltd for quantitative risk analysis services for the Thornlie-Cockburn Link and Yanchep Rail Extension projects under METRONET.
The scope included conducting a quantitative risk workshop with alliance proponents and a quantitative risk assessment of owner risks and contingency, using Monte Carlo simulation in compliance with Infrastructure Australia’s Cost Estimation Guidance Note 3A.
This contract reflects the growing emphasis on probabilistic risk assessment in major infrastructure projects to better manage cost overruns and uncertainties.
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