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| contract and risk management: Contract and Risk Management for Supply Chain Management Professionals X. Paul Humbert, Robert C. Mastice, 2014-01-19 What Will This Book Do for You? This book provides a survival manual for anyone involved in the crafting, structuring, negotiating, supporting or managing contracts involving commercial transactions of goods, services or both. It blends the practical with general legal principles and highlights best practices for supply chain professionals and anyone else involved, directly or indirectly, with the generation or management of contracts from cradle-to-grave. Even commercially wise and sophisticated organizations can be untrained and unaware of certain gaps and traps in the management of their contracts. This book addresses those pitfalls and provides lessons learned and guidance that are not typically taught at the college or even graduate school level. Experience can be hard and expensive to come by and this book provides a concentrated dose of experience that immediately raises the reader's level of sophistication and awareness for gaps and traps while providing practical solutions to pitfalls that can haunt any organization. Left unchecked, these pitfalls can lead to dysfunction and confusion; both of which can be an expensive proposition in today's competitive and uncertain economic environment. Who Should Use this Book? Supply Chain Management Professionals, Risk Managers, Insurance Experts, Project Managers, Purchasing Agents, Contract Administrators, Executives and any business or technical professionals who are involved with developing, managing or implementing projects, purchases or any complex transaction or procurement where cost, schedule and scope certainty are important. What Does This Book Cover? This book covers how the relationship of the parties affects commercial transactions and addresses the importance of upholding the integrity of the process and the contract by understanding key supply chain best practices. The book focuses on contracting strategies and approaches including how to structure requests for proposals and instructions to bidders as well as key considerations in pricing and pricing adjustments, risk management tools and techniques, the importance of defining the deliverables and outcomes, negotiation strategies and techniques, negotiating warranties and remedies, applying leadership and influencing skills to the process, how to implement sound change management as well as capturing and applying past lessons learned. In addition, special attention is given to the importance of sound kick off and close out, including termination for cause or convenience techniques and other best practices. |
| contract and risk management: A Short Guide to Contract Risk Helena Haapio, George J. Siedel, 2017-03-02 Savvy managers no longer look at contracting processes and documents reactively but use them proactively to reach their business goals and minimize their risks. To succeed, these managers need a framework and A Short Guide to Contract Risk provides this. The foundation of identifying and managing contract risk is what the authors call Contract Literacy: a set of skills relevant for all who deal with contracts in their everyday business environment, ranging from general managers and CEOs to sales, procurement and project professionals and risk managers. Contracts play a major role in business success. Contracts govern companies' deals and relationships with their suppliers and customers. They impact future rights, cash flows, costs, earnings, and risks. A company's contract portfolio may be subject to greater losses than anyone realizes. Still the greatest risk in business is not taking any risks. Equipped with the concepts described in this book, business and risk managers can start to see contracts differently and to use them to find and achieve the right balance for business success and problem prevention. What makes this short guide from the authors of the acclaimed Proactive Law for Managers especially valuable, if not unique, is its down-to-earth managerial/legal approach. Using lean contracting, visualization and the tools introduced in this book, managers and lawyers can achieve legally sound contracts that function as managerial tools for well thought-out, realistic risk allocation in business deals and relationships. |
| contract and risk management: The Contract Guide Sheila A. Dixon, Richard D. Crowell, 1993-01-01 |
| contract and risk management: Project Risk Management Tim Boyce, 2003 Helping businesses to identify, mitigate, and avoid the principal risks in any project or transaction, this book shows how all the dimensions of risk can be successfully managed through the contractual agreements covering the project. The main sources of risk are covered, including organizational, technical, financial, supply, post-delivery, and third-party risk. Also explored are the principles of risk management in areas such as insurance, exclusion clauses, the use of contractual vehicles, and the overriding concept of risk bearing or sharing. |
| contract and risk management: Innovative and Agile Contracting for Digital Transformation and Industry 4.0 Shalan, Mohammad Ali, Algarni, Mohammed Ayedh, 2020-12-18 Digital transformation is reshaping the business arena as new, successful digital business models are increasing agility and presenting better ways to handle business than the traditional alternatives. Industry 4.0 affects everything in our daily lives and is blurring the line between the physical, the biological, and the digital. This created an environment where technology and humans are so closely integrated that it is impacting every activity within the organizations. Specifically, contracting processes and procedures are challenged to align with the new business dynamics as traditional contracts are no longer fitting today's agile and continuously changing environments. Businesses are required to facilitate faster, more secure, soft, and real-time transactions while protecting stakeholders’ rights and obligations. This includes agile contracts which are dynamically handling scope changes, smart contracts that can automate rule-based functions, friction-less contracts that can facilitate different activities, and opportunity contracts that looks toward the future. Innovative and Agile Contracting for Digital Transformation and Industry 4.0 analyzes the consequences, benefits, and possible scenarios of contract transformation under the pressure of new technologies and business dynamics in modern times. The chapters cover the problems, issues, complications, strategies, governance, and risks related to the development and enforcement of digital transformation contracting practices. While highlighting topics in the area of digital transformation and contracting such as artificial intelligence, digital business, emerging technologies, and blockchain, this book is ideally intended for business, engineering, and technology practitioners and policy makers, along with practitioners, stakeholders, researchers, academicians, and students interested in understanding the scope, complexity, and importance of innovative contracts and agile contracting. |
| contract and risk management: Construction Risk Management Decision Making Alex C. Arthur, 2021-12-13 CONSTRUCTION RISK MANAGEMENT DECISION MAKING Explores the relevance of systems thinking and behavioral science in construction risk management Effective risk management is a vital component of all successful construction projects. Although quantitative tools for evaluating data and minimizing risk are readily available, construction managers commonly adopt a more innate, experience-based approach. In Construction Risk Management Decision Making, project manager and senior consultant Alex C. Arthur provides step-by-step advice on assessing and prioritizing risk using qualitative decision-making systems in the construction industry. Incorporating key theories and concepts from systems thinking and behavioral science, this highly practical guide focuses on the behavior patterns of real people in the industry, rather than complex quantitative techniques and data. Concise, easy-to-understand chapters highlight the current practices of construction risk management while helping readers view risk and decision making from a broader perspective. Throughout the book, the author presents invaluable insights into the ways construction professionals think and behave in the real world. Addresses the actual risk management practices of construction professionals Applies human behavioral theories to the study of construction risk management decision making Illustrates the highly intuitive approaches prevalent in various construction projects Features real-life case studies and practical examples throughout Construction Risk Management Decision Making is an excellent textbook for advanced students in project management, engineering, construction, and surveying courses, and a must-have guide for practitioners of construction management, surveying, and architecture. |
| contract and risk management: A Comparative Analysis of Risk Management Plans Within the Defense Contract Management Agency Teddie L. Dyson, 2001-06 This thesis performs a comparative analysis of a sampling of risk management plans for strategic and critical suppliers administered by the Defense Contract Management District West (DCMDW) in order to identify the areas of highest risk and the most common tools used to mitigate risk in key processes and systems for these suppliers. The Defense Contract Management Agency (DCMA) uses a comprehensive, inclusive, and iterative approach to risk management. It follows the Government and DoD risk management premise of using a five-step approach to risk management and the basic idea of identifying and assessing key processes/systems whose risk, either through probability or potential impact, offers the most cause for concern from a performance, schedule, or cost perspective. It employs current information technology, Risk Assessment and Management Program (RAMP) to provide consistency, commonality, access, and comparability to its risk management process. Performance and schedule, product support and supplier quality assurance for product quality, and delivery were the areas of highest risk for DCMA. The most commonly applied risk handling tools indicated in the RAMP database were areas associated with analysis, monitoring, and surveillance activities before final inspection: Data Analysis, Product Audits, System Evaluation, and Corrective Action. |
| contract and risk management: Enterprise Contract Management Anuj Saxena, 2008-02-15 Globalization, increased economic and geopolitical uncertainty, technological advancements, and a rise in the number of regulations and legislations have led to a significant rise in the importance, volume, and complexity of modern contractual agreements. Yet, in spite of these profound changes, many organizations still manage the contracting process in a fragmented, manual, and ad-hoc manner, resulting in poor contract visibility, ineffective monitoring and management of contract compliance, and inadequate analysis of contract performance. The net effect of this has been a heightened interest in re-engineering and automation of Enterprise Contract Management (ECM) processes across industry sectors and geographies. Enterprise Contract Management: A Practical Guide to Successfully Implementing an ECM Solution addresses all the questions surrounding ECM, ECM solutions, and the project management, change management, and risk management considerations to ensure its successful implementation. This concise text will help your organization manage the challenges of the contract life cycle and the key success factors and pitfalls in a typical ECM solution. It is a must read for corporate executives, buyers, procurement and strategic sourcing specialists, contract administrators and procurement managers. There is currently no other book available on ECM solutions. All existing books on contract management focus on the legal aspects of contracts, but none describe the functions, features, capabilities of technology solutions that support ECM, nor do they explain the key considerations for ensuring a successful ECM solution implementation. |
| contract and risk management: Contract Management Alain Brunet, Franck César, 2021-07-30 This book presents the latest findings relating to behavioral economics and the digital tools applied to contract management. There has been a decisive change in the role of contracts in the past decade, with contracts being transformed from purely legal necessities designed to protect against worst-case scenarios into tools for optimizing ongoing and mutually profitable business relationships with customers. There is an increasing emphasis on tight contracts, where time-risk and additional costs are passed on to the prime contractor, who may suffer heavy penalties in the event of non-performance. Contracts shape the behavior of the parties involved and as such have a major impact on project success. The contract manager’s goals are to protect the interests of the company and its shareholders by minimizing the company’s financial and contractual liabilities and to maximize its profitability while ensuring end-user satisfaction. The contract is usually written before the design is fully developed, and there is often a mismatch between contractual specifications and what the customer actually wants. Good contract management entails preserving the rights of the contractor by ensuring all parties respect their contractual obligations; providing advice to the project managers and engineering team; preparing profitable amendments to contracts or change requests; maintaining good record-keeping in the event that claims arise; filing notices when necessary; and guiding the project to a profitable conclusion. Like the ancient Chinese game of Go, moves made early in the game (notification of events) can shape the nature of a potential conflict one hundred moves later (arbitration threat). Contract management can also smooth the relationship between partners, allowing well-balanced “don’t-trade-a-dollar-for-a-penny” contracts to be managed through an established process rather than as sporadic events (we cannot claim to be in control of our business if we are not in control of the contracts on which it depends). Managing a contract with a mix of incomplete manuals, fragmented information, and poor planning can drive companies to “reinvent the wheel.” Contract management promotes a three-phase sequence to streamline information flows across the contract lifecycle, from the bid phase to performance, project closeout, and final payments. |
| contract and risk management: Agreements, Forms and Checklists for Risk Managers Bryan E. Hopkins, 2014-04 In today's business environment, companies either properly manage the complex world of legal and corporate risk or suffer the consequences. The wrong decision can kill a company-but how can those responsible for risk management keep on top of company needs? In this guide, author Bryan E. Hopkins discusses the numerous areas of legal and corporate risk that managers and their company counsels face. Hopkins provides agreements, forms and checklists needed to implement a sound legal risk management program and mitigate, shift and prevent legal and corporate risk through careful management. Managers and practitioners will also find practical and detailed information on how to identify legal risk and use legal and corporate risk management contracts and checklists. Written by an international lawyer and corporate counsel with decades of experience in risk management, Agreements, Forms and Checklists for Risk Managers seeks to help you deal with processes and procedures needed to protect any organization in today's complex and hostile business environment. |
| contract and risk management: Risk Management for Enterprises and Individuals Baranoff, Patrick L. Brockett, Yehuda Kahane, 2009 |
| contract and risk management: A/e ProNet's Risk Management & Contract Guide for Design Professionals J. Kent Holland, 2005-10-01 |
| contract and risk management: Managing Risk in Construction Projects Nigel J. Smith, Tony Merna, Paul Jobling, 2014-02-03 Investment in any new project invariably carries risk but the construction industry is subject to more risk and uncertainty than perhaps any other industry. This guide for construction managers, project managers and quantity surveyors as well as for students shows how the risk management process improves decision-making. Managing Risk in Construction Projects offers practical guidance on identifying, assessing and managing risk and provides a sound basis for effective decision-making in conditions of uncertainty. The book focuses on theoretical aspects of risk management but also clarifies procedures for undertaking and utilising decisions. This blend of theory and practice is the real message of the book and, with a strong authorship team of practitioners and leading academics, the book provides an authoritative guide for practitioners having to manage real projects. It discusses a number of general concepts, including projects, project phases, and risk attitude before introducing various risk management techniques. This third edition has been extended to recognize the reality of multi-project or programme management and the risks in this context; to highlight the particular problems of risk in international joint ventures; and to provide more coverage of PFI and PPP. With case studies and examples of good practice, the book offers the distilled knowledge of over 100 man-years of experience in working on all aspects of project risk, giving sound practical guidance on identifying, assessing and managing risk. |
| contract and risk management: Centralized Cost and Risk Management in a Diversified Portfolio of Contract Guarantees Krista Karli-Ivanto, 1999 |
| contract and risk management: Contractual Management Ralph Schuhmann, Bert Eichhorn, 2019-10-24 The Concept Contractual Management offers a holistic approach to managerial decision-making based on contracts or business processes that are related to contracts. It explains management from the point of view of the contract, just as it interprets the contract from the point of view of management. Thus, the approach highlights the great inherent potential of contracts for managing companies, transactions and business relationships. The book addresses students as well as practitioners and gives insights into the usage of contracts to manage companies or relationships. It covers contract handling from preliminary deliberations to negotiations, implementation, and all the way to the evaluation of the contract within the company. Furthermore, it provides competencies to design and implement a contract and to organize the relevant processes. The Content In Part 1, the book explains the theoretical foundations of Contractual Management; in Part 2, the application of the approach is illustrated through case studies which cover various sectors, industries, company sizes, contract types, and management situations. Theory part: Contractual Management – A Holistic Approach to a Diverse Issue. Case study part: 11 case studies arranged according to specific contract-related topics: Information and Communication – Change – Enterprise Networks – Conflict – Accounting and Financing – Legal Compliance – Societal Steering. The Editors Professor Dr. Ralph Schuhmann: After holding a senior management position in industry, Ralph Schuhmann now teaches Business Law at Ernst-Abbe-Hochschule in Jena, Germany. He is the scientific director of the Contractual Management Institute at SRH Hochschule Berlin and has published various articles on contract law and contract management. Professor Dr. Bert Eichhorn: Before his appointment as professor for International Law and Business Law at SRH Hochschule Berlin, Bert Eichhorn worked as a legal consultant at the EU Parliament and as a lawyer. He has published numerous articles in national and international scientific journals in the area of contract management and international law. He is the managing director of the Contractual Management Institute at SRH Hochschule Berlin. |
| contract and risk management: Risk Management in Islamic Finance Muhammad Al-Bashir, 2008 This study addresses derivatives instruments in Islamic finance. It highlights the benefits of these instruments, their legal aspects and the appropriate alternatives. The forward, futures and options contracts in commodity markets are discussed and the arguments in favour of and against these instruments examined. The forward contracts issue includes the possibility of trading gold in forward basis, the forward market for currencies and the possible alternative to manage related risks. With the examination of futures contracts, the main arguments against such a contract are addressed, for example the sale prior to taking possession and the sale of debt hedging and speculation. The study proposes khiyar al-shart and bay al-arbun as tools of risk management and alternatives to options. The sale of pure rights is at the center of the admissibility of options in Islamic law and is investigated comprehensively. |
| contract and risk management: Engineering Construction Risks Peter Allan Thompson, John G. Perry, 1992 Risk analysis and management - an overview. When to apply risk management. Quantitative techniques for project risk analysis. Risk in estimating. Contract stategy... |
| contract and risk management: Contract Risk Management for Airport Agreements Robert Alfert, Douglas E. Starcher, 2016 The purpose of this digest is to present information that has been compiled, reviewed, and summarized pertaining to airport-specific legislation of each state, including laws establishing, developing, operating, expanding, and funding airports. The compilation focuses on legislation expressly applicable to public airports rather than legislation applicable to local governments generally. It compares and contrasts zoning and land use; purchasing authority; commercial operations; ground transportation, funding, and taxing authority; law enforcement; and sovereign immunity. This digest seeks to provide policy-makers, airport operators, and other practitioners a convenient and synthesized resource of airport-specific legislation of all states. It should be useful to attorneys, legislators, administrators, airport planning officials, financial officials, community participants, and all persons interested in the legal structure for airport development and operations. |
| contract and risk management: Petroleum Contracts Abdullah al Faruque, 2011 |
| contract and risk management: Introduction to Construction Contract Management Brian Greenhalgh, 2016-08-05 This book is an introduction to construction contract administration and management, covering the delivery and execution stage of a construction project and the various issues which the contract administrator needs to proactively manage. It can therefore be used as a contract administrator’s resource book covering what needs to be done (and why) to keep a construction project on track from a commercial and contractual perspective. It is particularly appropriate for students and new practitioners from varied construction professions and whilst it covers domestic (UK) projects, it will be particularly useful for those studying and working on international projects where terminology, procedures and legal systems may differ from the UK. The content is split into four parts and is subdivided into easy-to-read chapters replicating the timeline of a project during the construction stage: Part A covers initiating the construction stage, project delivery mechanisms, contract administration and health and safety management; Part B covers managing the construction stage, contractor performance and relationship management; Part C covers finalising the construction stage, project completion and close-out; Part D covers claims and disputes. Introduction to Construction Contract Management will be particularly useful for students enrolled on global construction programmes together with international distance learning students and non-cognate graduates starting out on an international career in construction contract administration and quantity surveying. |
| contract and risk management: Risk Management and Construction Roger Flanagan, George Norman, 1993-08-20 The construction industry is subject to more risk and uncertainty than perhaps any other industry. Yet, surprisingly, managerial techniques used to identify, analyse and respond to risk were not applied in the industry until the 80's. Existing texts deal with the theoretical concepts of risk and the techniques that identify and manage it. This book provides a set of tools that enable these management techniques to be put into practice in the construction industry. |
| contract and risk management: The Legal Risk Management Handbook Matthew Whalley, Chris Guzelian, 2016-12-03 Legal risk covers all areas of business where regulation and the law impact on operations and decisions. From risks arising from contract drafting and management, through to regulators' new focus on conduct, as well as compliance, regulatory and dispute risks, the effective management of legal risk is key for organizations that want to maximise value while minimizing cost and exposure to legal losses. The Legal Risk Management Handbook is a practical guide to making sure your business is legal, protected and making the most of its opportunities. Written by experts in law and risk management, this highly practical guide sets out a clear definition for legal risk and a framework for its management. Covering the full spectrum of legal risks that international businesses can face, it translates legal concepts into clear mitigatory actions. Whether you are an in-house lawyer needing a clear approach to managing risk in your areas of influence, or a member of the risk management function needing a jargon-free guide to your company's legal responsibilities, you will find authoritative insight and guidance. Containing case studies from international businesses and real-life insights from those at the coal-face of legal risk management, The Legal Risk Management Handbook is essential reading for everyone who needs a better understanding of this important business topic. Now includes online resources: author-recorded lectures that align with the book and the Legal Risk Management course at Texas A&M School of Law, U.S. |
| contract and risk management: Proceedings of the 25th International Symposium on Advancement of Construction Management and Real Estate Xinhai Lu, Zuo Zhang, Weisheng Lu, Yi Peng, 2021-10-11 This proceedings book focuses on innovation, cooperation, and sustainable development in the fields of construction management and real estate. The book provides a detailed analysis and description of the disciplinary frontiers in the field of building management and real estate and how they can be promoted in the context of the epidemic. A wide variety of papers provide a reference value for both scholars and practitioners. The proceedings book is the documentation of “the 25th International Symposium on Advancement of Construction Management and Real Estate” (CRIOCM 2020), which was held at the School of Public Administration, Central China Normal University, Wuhan, China, in 2020. |
| contract and risk management: Fundamentals of Contract and Commercial Management Jane Chittenden, 2014-01-01 This ground-breaking title from the world s leading authority on contemporary contracting best practices, the IACCM (International Association for Contract and Commercial Management) delivers a lively and practical complete insight into the contracting process which is useful in both business and personal life. Contracts are the language of business, and this book gives readers the essentials that can make a difference to any deal, no matter how big or small. Designed for the non-contract business professional, this book takes project managers and other professionals through the basic process and gives them a road map to improved results, increased value, and successful outcomes In this book you ll find sensible guidance and approaches to ensure business success. Case studies showing you what can go wrong and what can go right -- bring theory into the real world. Checklists give confidence and enable you to be certain that you have asked and answered the right questions as you go through any deal. This real-world approach demonstrates the value of effective contracting. This is not dry, academic prose. It is compelling and dynamic advice and tools to manage business relationships for both buyers and sellers. |
| contract and risk management: Practical Risk Management for EPC / Design-Build Projects Walter A. Salmon, 2020-02-12 Many of the books on construction risk management concentrate on theoretical approaches to the accurate assessment of the overall risks of taking on a new project. Less attention is paid to the typical risks to which the operational level of a project is exposed and how operational managers should approach those risks during project implementation. This book identifies precisely where the major EPC/Design-Build risks occur within an operational framework and shows how best to deal with those risks. The book attempts to offer practical advice, approaches and tools for dealing with risks to which the various operational departments are exposed. |
| contract and risk management: Risk and Security Management Michael Blyth, 2015-05-14 Learn to measure risk and develop a plan to protect employees and company interests by applying the advice and tools in Risk and Security Management: Protecting People and Sites Worldwide. In a world concerned with global terrorism, instability of emerging markets, and hazardous commercial operations, this book shines as a relevant and timely text with a plan you can easily apply to your organization. Find a series of strategic to granular level policies, systems, and concepts which identify and address risk, enabling business to occur in a manner which best protects you and your company. |
| contract and risk management: Construction Insurance, Bonding, and Risk Management William J. Palmer, James M. Maloney, John L. Heffron, 1996-06-22 Publisher's Note: Products purchased from Third Party sellers are not guaranteed by the publisher for quality, authenticity, or access to any online entitlements included with the product. Protect your business from all types of risks--insure your projects with advice from the experts Here you'll find the answers to your questions about insurance, bonding, and risk management for all of your construction projects. This much-needed book helps you assess your requirements for insurance coverage, evaluate policies, find the fairest rates, obtain bonding, and manage risks professionally and confidently. Written by the foremsot experts at Ernst & Young LLP and Willis Corroon Construction, this authoritative guide gives you the information and methods you need to simplify and systematize your project insurance bonding, and risk management issues, and protect your business from all types of liabilities: You'll learn how to: establish your requirements for various types of insurance; determine how to get the insurance you need at the best rate; read and evaluate insurance contracts; secure bonds for both contractors and subcontractors; obtain workers compensation coverage; evaluate environmental issues; understand the role of sureties in litigation. Construction contractors and subcontractors, CPAs, law firms, and insurance and bonding agents will all welcome this comprehensive guide and the authoritative help it gives in ensuring successful outcomes for construction projects of every kind. |
| contract and risk management: The CME Group Risk Management Handbook CME Group, John W. Labuszewski, John E. Nyhoff, Richard Co, Paul E. Peterson, 2010-05-25 Praise for The CME Group Risk Management Handbook Wow! The CME Group Risk Management Handbook is a 'ten strike' and long overdue. A must-read and reference for the risk management industry! —Jack Sandner, retired chairman of CME Group, member of the Executive Committee This is a powerful book for its integration of futures and options markets with an understanding of the whole economy. It is an eye-opener to see how central these markets are to our economic lives. —Robert J. Shiller, Okun Professor of Economics, Yale University; Chief Economist, MacroMarkets LLC Risk management is essential to successful investing, and The CME Group Risk Management Handbook provides the essentials for understanding risk management. In the wake of the financial turmoil of the last few years, managing risk should be part of any investment program. Among the key elements of risk management are stock index, bond, currency, and commodity futures as well as a growing number of futures, options, swaps, and other financial instruments built on indices tracking housing prices, weather conditions, and the economy. The CME Group Risk Management Handbook offers a comprehensive guide for using all of these to better manage financial risks. —David M. Blitzer, PhD, Managing Director and Chairman of the Index Committee, S&P Indices Dare we ignore the advice of a financial institution, the largest of its kind in the world, that navigated the recent financial crisis without the aid of a single TARP dollar or access to the Fed's cheap loans? For CME Group, risk management has meant risk minimization as it enters its 151st year of life and its 85th year of central counterparty clearing without a single trading debt unpaid. It has been, and continues to be, a leader by example. —Philip McBride Johnson, former CFTC chairman For the first time, a comprehensive handbook outlining the futures market in today's world is available. The CME Group Risk Management Handbook covers futures basics for the novice trader, while the veterans will benefit from an in-depth look at options and hedging. This handbook is a necessity for any professional, investor, or other market participant seeking to manage risk in the perpetually changing futures market. —H. Jack Bouroudjian, CEO, Index Futures Group |
| contract and risk management: Understanding and Negotiating Construction Contracts Kit Werremeyer, 2023-07-19 Understanding and Negotiating Construction Contracts The complexities of construction contracts are made easy with this thorough and readable guide Construction contracts can be complex for both owners and contractors. For contractors, negotiating fair and balanced commercial terms in contracts is just as important as properly managing projects; a properly negotiated contract can mitigate unnecessary risk and unnecessary risk transfer. This, in turn, reduces exposure to financial liability for the contractor and for avoidance of contract claims and disputes. Understanding and Negotiating Construction Contracts provides a comprehensive and readable introduction to the world of construction contracts. Providing, for example, coverage of the four most common types of contracts—lump sum/fixed-price, cost-plus, time-and-materials, and unit-pricing—it promises to reduce uncertainty and allow contractors to enter contractual negotiations with greater confidence to be able to achieve a fair and balanced contract. This updated new edition reflects the up-to-date best practices to understand how to better negotiate the commercial terms and conditions in construction contracts. Readers of the second edition of Understanding and Negotiating Construction Contracts will also find: Updated information on indemnity, insurance, and negotiation An all-new chapter with a contract analysis checklist Real-world examples drawn from small residential, retail, large commercial, and international projects Understanding and Negotiating Construction Contracts is essential for construction professionals and college students studying construction contracts and the liabilities arising out of them. |
| contract and risk management: From Assumptions to Risk Management Petri Keskitalo, 2000 |
| contract and risk management: Project Management for Facility Constructions Alberto De Marco, 2011-03-23 This book describes concepts, methods and practical techniques for managing projects to develop constructed facilities in the fields of oil & gas, power, infrastructure, architecture and the commercial building industries. It is addressed to a broad range of professionals willing to improve their management skills and designed to help newcomers to the engineering and construction industry understand how to apply project management to field practice. Also, it makes project management disciplines accessible to experts in technical areas of engineering and construction. In education, this text is suitable for undergraduate and graduate classes in architecture, engineering and construction management, as well as for specialist and professional courses in project management. |
| contract and risk management: Risk and Financial Management in Construction Simon A. Burtonshaw-Gunn, 2009 The book covers Risk Management describing the tools and methods to reduce the occurrence and consequences of risk, and the financial management of construction projects from raising funding, to contract strategy and through to estimating, budgeting and cost control. It includes a chapter covering international project risk, bringing together the issues of risk management, prime contracting, and PFI funding for construction projects undertaken away from the contractors main home market. |
| contract and risk management: Project Risk Management Guidelines Dale Cooper, Stephen Grey, Geoffrey Raymond, Phil Walker, 2004-11-30 This book describes philosophies, principles, practices and techniques for managing risk in projects and procurements, with a particular focus on complex or large-scale activities. The authors cover the basics of risk management in the context of project management, and outline a step-by-step approach. They then extend this approach into specialised areas of procurement (including tender evaluation, outsourcing and Public-Private Partnerships), introducing technical risk assessment tools and processes for environmental risk management. Finally they consider quantitative methods and the way they can be used in large projects. International case studies are included throughout. |
| contract and risk management: The Owner's Role in Project Risk Management National Research Council, Division on Engineering and Physical Sciences, Board on Infrastructure and the Constructed Environment, Committee for Oversight and Assessment of U.S. Department of Energy Project Management, 2005-02-25 Effective risk management is essential for the success of large projects built and operated by the Department of Energy (DOE), particularly for the one-of-a-kind projects that characterize much of its mission. To enhance DOE's risk management efforts, the department asked the NRC to prepare a summary of the most effective practices used by leading owner organizations. The study's primary objective was to provide DOE project managers with a basic understanding of both the project owner's risk management role and effective oversight of those risk management activities delegated to contractors. |
| contract and risk management: Project Risk Management Gregory Hutchins, 2019-11-01 The book is about RBPS (Risk Based Problem Solving) and RBDM (Risk Based Decision Making). Every project is subjected to the known risks and the unknown risks. Known risks are the four constraints of a project. The four constraints are; scope; schedule; cost; and quality. Unknown risks are the uncertainties and variances that surround every project. The book discusses in detail, with examples and risk stories to support the points made in the book, PM, RM, EVM, and Subcontract Management (SM). Understanding these four disciplines and how to incorporate them into a project, is essential to effective RBPS and RBDM. Project Management knowledge and skills are necessary to manage the known risks. Risk Management knowledge and skills are essential to identifying, assessing and mitigating unknown risks. Earned Value Management is important to tracking and controlling risk mitigation plans. Many companies outsource most of their work scope to subcontractors, so having Subcontract Management knowledge and skills is key to mitigating subcontract risks. The future of work is also discussed in detail. Future work will be projectized more. Working remotely is a trend that is increasing. Project Managers will have a more difficult problem in the future managing a diverse workforce of on-site, remote, and part-time workers. You need to be aware of future trends. The book is structured in a logical sequence and is easy to read. Step by step processes are presented in a logical way with practical examples to help you understand the process. Most of the methods and techniques discussed in the book are based on my DOD experience. However, these techniques also apply to the IT, and Construction Industries. |
| contract and risk management: Contractual Risk Transfer Patrick J. Wielinski, Jack P. Gibson, W. Jeffrey Woodward, International Risk Management Institute, 1995 |
| contract and risk management: Identifying and Managing Project Risk Tom Kendrick, 2009-02-27 Winner of the Project Management Institute’s David I. Cleland Project Management Literature Award 2010 It’s no wonder that project managers spend so much time focusing their attention on risk identification. Important projects tend to be time constrained, pose huge technical challenges, and suffer from a lack of adequate resources. Identifying and Managing Project Risk, now updated and consistent with the very latest Project Management Body of Knowledge (PMBOK)® Guide, takes readers through every phase of a project, showing them how to consider the possible risks involved at every point in the process. Drawing on real-world situations and hundreds of examples, the book outlines proven methods, demonstrating key ideas for project risk planning and showing how to use high-level risk assessment tools. Analyzing aspects such as available resources, project scope, and scheduling, this new edition also explores the growing area of Enterprise Risk Management. Comprehensive and completely up-to-date, this book helps readers determine risk factors thoroughly and decisively...before a project gets derailed. |
| contract and risk management: Construction Contracts J. R. Murdoch, Will Hughes, 2000 Construction Contracts focuses on the law governing construction contracts, and the management and administration of these contracts. |
| contract and risk management: Managing Risk Nigel J. Smith, BSc, MSc, CEng, FICE, MAPM, Tony Merna, Paul Jobling, 2009-02-18 Written by a group of academics and practitioners, this guide is for construction practitioners having to manage real projects. It shows how the risk management process improves decision making in conditions of uncertainty. This new edition includes the input of the Turnbull report, as well as to introduce the concept of corporate, strategic business, and project level risk. The authors cover: * a description of risk management and decision making in the context of a construction project * the human dimension * tools and techniques available to the risk analyst * the problems of procurement and finance * the practical application of risk analysis, including the principles of risk modelling and simulation, together wit case studies. A thorough understanding of these concepts will provide the project manager with the basis for effective decision making. From the reviews of the first edition: 'This book should be compulsory reading for all concerned with the management of risk in construction - whether academics or practitioners.' Chartered Surveyor Monthly 'A valuable addition to the literature ... which helps condense, simplify and provide practical advice on how to implement risk management on construction projects.' |
| contract and risk management: Large-Scale Construction Project Management Yan Tan, 2020-04-02 A majority of large-scale construction and major infrastructure projects are funded by public funds from taxpayers. However, these projects are often subject to severe delays and cost overruns. Large-Scale Construction Project Management: Understanding Legal and Contract Requirements introduces integrated approaches to project management and control mechanisms to effectively manage large-scale construction projects. It explains the contractual requirements and associated legal principles under the latest edition of the leading standard forms of contracts, including FIDIC 2017, NEC4, and JCT 2016. It explains integrated project governance regarding time, cost, risk, change, contract management, and more. Further, it discusses the legal issues of scheduling delays and disruptions regarding the Delay and Disruption Protocol (Society of Construction Law) as well as Forensic Schedule Analysis guidance (American Association of Cost Engineering). Features: Provides strategies to effectively resolve disputes during construction projects Examines Quantitative Schedule Risk Analysis (QSRA) and Quantitative Cost Risk Analysis (QCRA) Introduces the most recent software and techniques used in managing large-scale construction projects This book serves as a useful resource for project control and management professionals, researchers in construction management and project management, and students in building construction management and project management. |
英語「contract」の意味・使い方・読み方 | Weblio英和辞書
「contract」の意味・翻訳・日本語 - 契約、約定、請負、契約書、婚約、(contract bridge で、スーツ と獲得予定のトリック 数の)契約取り決め、殺し屋を雇う契約｜Weblio英和・和英辞書
英語「appendix」の意味・使い方・読み方 | Weblio英和辞書
3. The report has an appendix with the survey results.（その報告書には調査結果の付録がある。）4. The company made an appendix to the contract.（会社は契約書に付録をつけた。） 5. …
英語「contact」の意味・使い方・読み方 | Weblio英和辞書
「contact」の意味・翻訳・日本語 - 接触、触れ合い、交際、有力な知人、縁故、手づる、コネ、(商売上の)橋渡し役、接点(装置)、相接｜Weblio英和・和英辞書
英語「provide」の意味・使い方・読み方 | Weblio英和辞書
The contract provides that the work will be completed by the end of the year.（契約書には年末までに作業が完了することが規定されている。 4. The hotel provides all guests with …
英語「define」の意味・使い方・読み方 | Weblio英和辞書
The contract defines the duties of each party.（契約書には各当事者の義務が明確にされている。 4. The law defines theft as the act of taking someone else's property without permission.（法 …
英和辞典・和英辞典 - Weblio辞書
約489万語収録の英和辞典・和英辞典。英語のイディオムや熟語も対応している他、英語の発音を音声でも提供。無料で使える日本最大級のオンライン英語辞書サービス。
英語「amendment」の意味・使い方・読み方 | Weblio英和辞書
make an amendment to a contract発音を聞く 例文帳に追加. 契約を改正する. - 研究社 新英和中辞典
英語「issue」の意味・使い方・読み方 | Weblio英和辞書
「issue」とは、「問題」「議題」「発行物」「号」「子孫」などの意味を持つ英単語であり、また「発行する」「発する」「出す」といった動作を表す動詞としても使用される。
英語「Contraction」の意味・使い方・読み方 | Weblio英和辞書
「Contraction」の意味・翻訳・日本語 - 短縮(すること)、収縮、(額・まゆを)ひそめること、(筋肉、特に出産時の子宮の)収縮、短縮、縮約、短縮形、作ること、かかること｜Weblio英和 …
英語「annex」の意味・使い方・読み方 | Weblio英和辞書
「annex」の意味・翻訳・日本語 - 付加する、添付する、(…に)付加する、併合する、(…に)併合する、盗む、着服する｜Weblio英和・和英辞書
英語「contract」の意味・使い方・読み方 | Weblio英和辞書
「contract」の意味・翻訳・日本語 - 契約、約定、請負、契約書、婚約、(contract bridge で、スーツ と獲得予定のトリック 数の)契約取り決め、殺し屋を雇う契約｜Weblio英和・和英辞書
英語「appendix」の意味・使い方・読み方 | Weblio英和辞書
3. The report has an appendix with the survey results.（その報告書には調査結果の付録がある。）4. The company made an appendix to the contract.（会社は契約書に付録をつけた。） 5. An appendix …
英語「contact」の意味・使い方・読み方 | Weblio英和辞書
「contact」の意味・翻訳・日本語 - 接触、触れ合い、交際、有力な知人、縁故、手づる、コネ、(商売上の)橋渡し役、接点(装置)、相接｜Weblio英和・和英辞書
英語「provide」の意味・使い方・読み方 | Weblio英和辞書
The contract provides that the work will be completed by the end of the year.（契約書には年末までに作業が完了することが規定されている。 4. The hotel provides all guests with …
英語「define」の意味・使い方・読み方 | Weblio英和辞書
The contract defines the duties of each party.（契約書には各当事者の義務が明確にされている。 4. The law defines theft as the act of taking someone else's property without permission.（法律 …
