CONTRACT READINESS ASSESSMENT

Contract Readiness Assessment
for delivery risk checks in minutes

An independent view of a vendor’s delivery risk for a specific contract.
No vendor input required.

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Main graphic for Contract Readiness Assessment showing vendor report

The Contract Readiness Assessment helps main contractors understand the delivery risk a vendor may present for a specific contract, using information available within the Fiable Network.

Assessments are delivered in minutes, without requesting anything from the vendor or alerting them, making the assessment well suited to engagements where a full Financial Viability Assessment may not be required.

You receive a structured view of delivery-related risk indicators and the factors that may influence performance against the contract requirements, along with suggested follow up questions to guide your conversations.

PROCUREMENT STAGES

Built for the procurement lifecycle

  • Estimating: Conduct early checks to ensure pricing is realistic, and to eliminate risk from unfamiliar vendors.
  • Procurement: Conduct checks prior to releasing tender documentation to ensure only low‑risk suppliers proceed.
  • Shortlisting: Apply checks across the shortlist to verify viability before progressing to final selection.
  • Point of award: For small to mid‑tier construction firms, the assessment can serve as the final confidence check.
  • Project delivery: Periodic status updates throughout delivery.
Different procurement stages using Fiable
CONTEXTUALISED

Contract-specific delivery risk

Results are tailored to the size, location, scope, and risk profile of the contract being assessed. Each assessment is based on how vendors deliver work, not lending metrics.

Hybrid contract and UI for a vendor
BYPASS VENDORS

Skip the vendor involvement

Fiable combines public and proprietary data with insights from Australia’s leading contractors to deliver the Contract Readiness Assessment, without asking vendors for information.

Process diagram which shows order process and no vendor involvement
PURPOSE-BUILT

Used by these teams

  • Contract Administrators
  • Estimators
  • Commercial Managers
  • Project Managers
  • Procurement Managers
  • Finance Team
Contract and reports displayed next to different teams
GUIDANCE

Tailored commentary to guide procurement decisions

The assessment provides question prompts to support structured conversations with the vendors, along with practical mitigation actions that help you address identified risks and determine the right next steps.

Example report section which shows mitigation actions

Results available in minutes

Download your report in minutes and keep your procurement decisions moving.

Uses public data and Fiable insights

Combines public data with Fiable’s industry signals to surface relevant risk indicators, practical next steps and questions to guide vendor follow-up discussions.

No vendor input needed

Screen vendor without asking them for any information, or alerting them about the process.

Data coverage

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Private Vendor Information

Financial and operational data including project pipeline, liquidity, key suppliers, concentration risk, cash flow, operational structure, profitability, leverage, financing facilities and more.

Only available with the Financial Viability Assessment

Public Registry Information

Official public records including corporate registry data, assets and security, tax and enforcement records, directorships and court or regulatory actions.

Fiable Industry Radar

The vendor is benchmarked against insights in our database to identify sector, geographical and business risk patterns. Fiable profiles the vendor’s type of business, their location and operating characteristics and compares this to our database.

Fiable Network Intelligence

If the vendor has previously engaged with Fiable, we generate additional insights related to typical contract size, average project location, historical activity in the platform and assessment outcomes.

Chosen by contractors shaping major projects

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Frequently asked questions

  • Does the vendor need to complete anything?

    No. The Contract Readiness Assessment requires zero input from the vendor because it combines comprehensive public registry data, Fiable Industry Radar insights, Fiable Network intelligence.

  • Can multiple Contract Readiness Assessments be undertaken for the same vendor?

    Yes. Since the assessment requires no vendor input, customers can run additional Contract Readiness Assessments at their discretion based on their own procurement or project risk processes.

  • Will vendors know they are being assessed?

    No. When you run an Contract Readiness Assessment, vendors are not alerted in any way, and nothing is shared with them.

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