Legally Speaking: Public Procurement's Three Pillars of Risk Management

Author(s):

Pennington, J.D., C.P.M., Richard
Richard Pennington, J.D., C.P.M., Of Counsel, McKenna Long & Aldridge LLP, 303/634-4383, rpennington@mckennalong.com

92nd Annual International Conference Proceedings - 2007 - Las Vegas, NV

Abstract

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.