Case Study

Risk lead for the successful Babcock Type 31 Frigate tender

Industry: Defence, Marine (UK)

The Client:

A Babcock-led consortium bidding to win the design and build contract for the first-of-class Type 31 general purpose frigate.

Timescales and locations:

12 Months

Bristol / Rosyth / Remote

How we helped:

As the risk lead, Redstone Risk played a significant part in the successful bid effort. We were responsible for three bid deliverables: The Risk and Opportunity Management Plan (ROMP), Schedule Risk Analysis (SRA), and the quantitative risk register. Recognising our significant experience providing risk management services to major bids within the Babcock Group, the client asked us to lead the risk element of the final shipyard presentation to the Royal Navy at Rosyth dockyard. We were fully integrated into the client bid team and produced our deliverables on time and to the required standards for a marked submission.

What we delivered:

  • Risk deliverables that contributed to Babcock being awarded ‘Preferred Bidder’ status.
  • Cost risk and contingency analysis to support Board approvals.
  • A pan-enterprise risk register encompassing threats and opportunities related to the design and build stage of the programme.
  • Quantitative Schedule Risk Analysis, and supporting 10,000-word report, indicating a range of possible outcomes relating to the achievement of major contractual milestones.

The Benefits

  • Our combination of over 20 years’ experience delivering risk services to major bids gave the client confidence in the quality of our deliverables

  • As experts in risk modelling, we were able to present a strong and robust body of evidence to the UK Ministry of Defence in support of the Babcock proposals.

  • Engaging us at the bid stage meant that mitigations were planned, and prioritised early and effective risk-based decisions could be made from day one of delivery.

  • Our client was able to draw on our support as required; ramping up or down to fit in with the timescales and pressures of a major bid, and ultimately benefitting from our unique delivery flexibility.

We believe that risk management isn’t just about managing risks; it's about enhancing performance by embedding risk-thinking into business decisions.