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Examining Risk-related Contract Decisions for Projects

 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.

Some of these decisions are made when :

  1. Planning response for the project.
  2. Sharing or transferring part or all of the risk opportunity or threats respectively.
  3. Enhancing or mitigating part or all of the opportunity or threats respectively, faced by an organisation.

Risk-related contract decisions

 

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.

 

SEE ALSO  How to Perform Process-Level Integration for Projects

 

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Updated: July 18, 2020 — 11:29 am
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