Legally Speaking: Public Procurement's Three Pillars of Risk Management
ISM's 92nd Annual International Supply Management Conference
Las Vegas, NV
C. Richard Pennington J.D., LL.M., C.P.M., Of Counsel, McKenna, Long and Aldridge LLP
Public procurement risk management is built on three pillars: procurement planning, solicitation, and award and contract administration. Public contracts have provisions that avoid, reduce, accept and share risk. Learn the legal concepts behind key government and commercial contract approaches to procurement risk management.