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Description

Every subcontract involves a certain amount of risk, but how do you identify and manage these risks? How can both parties ensure no unnecessary risks are taken—and no opportunities lost? This session will demonstrate how to ensure the risks inherent to the subcontracting relationship are addressed by specific language in the agreement, as well as how to identify potential areas of noncompliance (and their consequences).

Learning Objectives:

1. How to effectively identify and manage risk areas when negotiating terms and conditions.
2. How to manage risk by ensuring compliance with the parties’ negotiated terms and conditions.
3. How to identify (and address) specific risks inherent in government contracting.

Learning Level: Intermediate

Contract Management Body of Knowledge® (CMBOK) Competencies:
 2.4 Risk Management; 5.2 Plan Negotiations