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If you cannot identify the risks in your Project contracts, how can you elaborate your strategy, mitigate your risks, negotiate better solutions etc? This Blog on Risk Management for the Project Businesses (infra & construction, power & electricity, oil & gas, water & desalinization etc) will help you setting up […]
Here are the takeaways on the subject of risk management from the IACCM Europe Conference 2019.
You may be in any of the following situations: You have an ongoing contract for which you would like to have an external audit. Your company wants to start managing risks pro-actively. You want to improve your relationship with Customers and move away from conflict, finding balanced compromises etc. You […]
This is the first post of a series of 5, digging into the questions that your Contract Risk Scoring system should have: Customer, Contract type, Fixed & Firm vs Escalation and Payment Conditions are all covered.
Risk Boards are an indispensable way to link between the operational and leadership team and transform risk analysis into decisions. AfiTaC can Set-up your risk review process; Establish the risk reporting method; Chair or participate in weekly/monthly risk review boards; Track risks and their evolution during negotiation and contact execution. […]
On the road to achieving your company’s outcomes, some hurdles have to be taken. Contract Risk Scoring tools are there to identify the commercial & contractual hurdles that may stop you from achieving your outcomes. They allow you to take consistent decisions: Go/No Go decisions, mitigation actions, acceptable liability levels, provisions, margin levels etc. Please read this post for more details.
Contract Risk Scoring is a hot topic. IACCM is actively promoting it. But, as this subject is quite new for many of us, we’ll all have a couple of questions. Here below we provide the answers to the most asked questions on the topic.
Contract Risk Scoring is an effective way to analyse contracts for their risks on commercial and contractual issues. We have applied this on a typical World Bank Contract for PLANT. The Contract Risk Scoring is 25 which means it is a low risk contract. This article provides the report and analysis.
IACCM, the International Association for Contract & Commercial Management, is promoting that we would start risk scoring our contract portfolio. With TRaCRs, the Tender Risk and Contract Review system, AfiTaC has developed a free tool for contract scoring. This tool will rate your contract on 20 different subjects. Contract scoring will contribute to your objective to negotiate and execute balanced contracts.