Cook bacon according to package directions; cool. Crumble bacon into 1/2-inch pieces; set aside.
Combine water and bouillon in large saucepan; heat to boiling. Add potatoes; cover and simmer 5 minutes, adding water if necessary. Add onions, cauliflower and carrots; continue to simmer until vegetables are crisp-tender, about 10 minutes.
Combine milk and flour, stir to blend; add to vegetables. Cook over medium heat, stirring frequently, until bubbly and thickened. Add ham, hot pepper sauce, black pepper and bacon; heat through.
To serve, spoon into soup bowls and garnish with cheese.
Serves 4
Ready In 40 minutes
Notes
To serve later, divide soup into refrigerator storage/microwave reheatable containers; garnish with cheese. Refrigerate for use within 2 to 3 days.