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Evaluation of Risks

On of the major challenges in the contractual evaluation is the evaluation of exceptions and deviations related to risks, that are an important part of the indemnification provisions under any Contract.

Risks have two basic dimensions i.e. those that are manageable and controllable and those that are not. Those that are not manageable are normally transferred / passed on to one who is able to manage it better. Most often risks that are not manageable are transferred to a third party i.e. an Insurance company.

Risks could ultimately have a considerable impact on the Contract price and thus it is important to carry out a detailed analysis to optimize costs.

shankce.in offers consultancy in reviewing contractual qualifications related to risks and provide advise.

 

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