Examining Risk-related Contract Decisions for Projects
Risk-related Contract Decisions for projects are risk response approaches agreed upon by both parties in a project when procuring materials of a third party for a project.
- Planning response for the project.
- Sharing or transferring part or all of the risk opportunity or threats respectively.
- Enhancing or mitigating part or all of the opportunity or threats respectively, faced by an organisation.
Some of the risk related decisions agreements includes: insurance, no ding services, letter of intent, letter of credit, bank guarantee, and other items as appropriate for the project.
Now your take on this argument.
We would also like to hear what you feel about the topic we discussed today. Your feedback is very important to us. Feel free to drop your comments and recommendations. If you have a contrary opinion, you can drop that too.
You can also join our Facebook Page CRMNigeria for more updates. You can do that by clicking on the link or searching for our page on Facebook.