Description
Contracts represent a vital support in Organizations around the world, being used to deliver the everyday supplies, whether for basic services or to supply the most strategic business of a company. That’s why it’s so important everyone involved in the negotiation and execution of the contracts understands the risks well and applies control strategies so that they are mitigated. Proper risk management is a decisive step in controlling the cost of the total risk.
Gatewit Risk Assessment Teams for Contracts are specialists who help companies find a methodical and continuous approach to contract risk management. The guidelines will be established for the analysis to quantify the risk of the undertaking and whether a contract must be reviewed. Low revenue, avoidable costs, loss of negotiating power is the result of the non-application of a methodology for contract risk assessment.