Commercial Risk Management explains how to identify, mitigate and avoid the principal risks in any project or transaction. It shows how all the dimensions of risk can be successfully managed through the contractual agreements covering the project and examines the treatment of the main sources of risk under seven main headings: organisational, technical, time frame, financial, suppliers, post-delivery and third party. This book also explores the principles of risk management in areas such as insurance, exclusion clauses, the use of contractual vehicles and the over-riding concept of risk bearing or sharing.
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"Tim Boyce has the highest command of the commercial domain. His great technical skills in this area have been applied in the most complex of commercial negotiations. His experience in the cut and thrust of business, whether as customer, supplier or partner in the supply chain has given him great understanding and balance" John Craen, variously Managing Director of ITT Defence, Thorn EMI Defence and Plessey Military Communications."
5 good reasons for reading this report
You will learn to:
1 Fully appreciate all the commercial dimensions of important projects
2 Understand how to identify all the risks during the pre-contract bidding phase
3 Be fully aware of the hidden commercial dangers of things said or done in good faith before, during and after contract negotiations
4 Look beyond technical and time-frame matters to the commercial aspects of project implementation
5 Understand the risks and problems of converting a successful bid into a 'good' contract
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