This study explores towards the positive side of project uncertainties i.e., opportunity. Opportunities occuring in such projects has the potential to enhance the project’s initial objective and could add more value to the project. However, due to lack of an effective approach for opportunity identification and several constraints prevailing in such large projects, opportunities are not being identified properly. This study investigates the concept of opportunity in infrastructure projects and crucial factors that could stimulate opportunity identification in such projects along with constraint’s study that hinders such identification process. Here, a roadmap is developed for opportunity identification consisting of a procedure for identifying opportunity during tender phase with an assessment model that could help in identifying value-creating opportunities for the project. This identified opportunities could be then used by the project team to exploit benefit for the contractor involved in execution but also to the client for whom the project will be delivered.