Procurement

Does transferring risk to the supplier eliminate it, and is it always the customer who chooses the supplier – rather than the other way around?

magine you are managing a major construction project that requires a supplier to deliver and install a complex technical system. With tight deadlines and significant risks, you negotiate a contract with strict requirements, fixed deadlines, and clear responsibilities, transferring as much risk as possible to the supplier. Does this mean your project is well protected? Not necessarily.

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