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United States General Accounting OfficeGAOReport to the Chairman, Committee on Governmental Affairs, U.S. SenateCONTRACT PRICING May 1992DCAA\'s Audit Coverage Lowered black of Subcontract Information
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01
Review the contract thoroughly to understand the key risks involved.
02
Identify the key risk areas such as liability, payment terms, termination clauses, and confidentiality.
03
Assess the likelihood and impact of each risk to prioritize them effectively.
04
Develop strategies to mitigate or manage the identified risks.
05
Clearly document the risk assessment and mitigation strategies in the contract risk a key.
06
Review the filled out contract risk a key with relevant stakeholders for approval before finalizing.

Who needs contract risk a key?

01
Businesses entering into contracts with high inherent risks.
02
Project managers handling complex projects with multiple stakeholders.
03
Legal teams reviewing and negotiating contracts on behalf of the organization.
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Contract risk is a key factor that can impact the success of a project or business deal.
All parties involved in a contract are required to file contract risk a key.
Contract risk a key can be filled out by providing detailed information about potential risks associated with the contract.
The purpose of contract risk a key is to identify and mitigate risks that could affect the outcome of a contract.
Information such as potential risks, likelihood of occurrence, and impact on the contract must be reported on contract risk a key.
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