Downer is listed on the Australian Securities Exchange and employs more than 32,000 people.
Learn moreDowner is a leading provider of integrated services in Australia and New Zealand.
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Learn moreDowner has over 300 sites across Australia and New Zealand with our head office based in Sydney.
Learn moreDowner’s goal is to manage risks and opportunities in a proactive and effective manner. This increases the likelihood of positive business outcomes, protects and creates value, and assists Downer in meeting our obligations to shareholders, customers, subcontractors, suppliers, employees and the community. Downer’s Risk Management Standard outlines risk appetite statements and tolerances approved by the Board.
Risk management at Downer has three priority focus areas and we have reviewed each of these to consider how they can be enhanced.
The Downer Standard, Downer’s Integrated Management System, provides the policy framework and ensures consistency in our risk management processes. Significant work has gone into The Downer Standard over the past few years. The Downer Standard is a comprehensive IMS, however, Downer is committed to continuously improving and refining it.
Tendering and delivery execution is also a priority area. At Downer, the Delivery Management Methodology prescribes the requirements for all stages of a project’s lifecycle.
In relation to Opportunity & Bid Management, we have multiple gates and hold points that must be followed. The intention of these gates is to filter suitable opportunities and then ensure that our “5 Cs” are considered and re-assessed throughout the tender phase.
The 5 Cs are:
These considerations help determine whether an opportunity fits within Downer’s risk appetite.
Major opportunities are overseen by the Tenders & Contracts Committee, which meets at least twice a week to review tenders.