IDENTIFY RISKS Sample Clauses

IDENTIFY RISKS. By identifying risks the objective is mapping what events (risks) may threaten the achievement of the procurement objectives. For this purpose it is necessary to use the critical success factors (CSF) as a starting point and reformulate them into risks. It is important to think about the whole period of use of the innovative solutions and to include an operating perspective on the goods and services being purchased. Long-life cycle of the products shall be taken into account. Risks should be described as specifically and clearly as possible. This will provide a good basis for both the risk assessment and the preparation of measures. Write a list of the risks that have been identified, including a detailed description of each one. Here are some examples of types of risks that in general are relevant to public procurement of innovation (they will be explained in a more detailed way below): • Organisational risks: political priorities (changes in political priorities), reorganisation (the process is often driven forward by committed enthusiasts, and if these people leave, it may have a large effect on the project), internal expertise (the organisation often does not have the necessary specialised expertise, procurement expertise or innovation expertise internally), time (sometimes a public procurement of innovation takes longer than estimated) or funds (it can be demanding to set aside funds to a development process that will last several years). • Technological risks: lack of technology or technological challenges (with projects using new technologies, there may be risks associated with whether the 7 Risk Management in Public Procurement of Innovation. (Direktorate for Forvaltning og IKT). solutions are compatible or can be adapted to existing technology. Market readiness for a new type of technology may also be uncertain). • Market risks: market competition (it may be especially risky to end up in a lock- in situation where you are reliant on a supplier that has developed a long term unique solution: vendor lock-in) or price (one of the greatest elements of uncertainty). • Other risks: inherent to the tendering process (if it has to be interrupted due to errors it can delay the process) or associated to the user perspective (the risk of whether the users can utilise the new solutions, and whether the gains turn out to be as expected).
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Related to IDENTIFY RISKS

  • Currency Risks The profit or loss in transactions in foreign currency-denominated contracts (whether they are traded in your own or another jurisdiction) will be affected by fluctuations in currency rates where there is a need to convert from the currency denomination of the contract to another currency.

  • Trespass, vandalism and animals Without prejudice to the other provisions of this contract, each of the parties shall use all reasonable endeavours (including participating in such consultation and joint action as is reasonable in all the circumstances) to reduce:

  • Risks This notification is missioned to reveal to the Customer the information regarding risks connected with conducting trading operations on the financial markets and to warn the Customer about possibility of financial losses related to these risks. In the present Agreement it is impossible to disclose all information about all potential risks due to sheer number of possible situations. The interpretation of the notions and terms used in this notification fully coincides with interpretation of those in the Agreement on processing and executing the Customer orders.

  • Safety and Security Procedures Contractor shall maintain and enforce, at the Contractor Work Locations, industry-standard safety and physical security policies and procedures. While at each Court Work Location, Contractor shall comply with the safety and security policies and procedures in effect at such Court Work Location.

  • DELIVERY - RISK OF LOSS Deliveries must be made both in quantities and at times specified on the face of the Purchase Order or in Buyer's schedules and time is of the essence. Buyer’s delivery schedules are an integral part of the Purchase Order, are governed by these terms and conditions and are not independent contracts. ▪ Buyer will not be required to make payment for goods delivered to Buyer that are in excess of quantities specified in Buyer's delivery schedule on the Purchase Order or in written releases issued by Buyer. Buyer may reject any deliveries made after or before the specified delivery date. Seller will bear all costs and damages incurred by Buyer due to late or early delivery. ▪ If Seller fails to meet the agreed upon delivery requirements for reasons other than those specified in paragraph 13 below, and Buyer requires a more expeditious method of transportation for the goods than the transportation method originally specified, Seller shall ship the goods as expeditiously as possible at Seller's expense and invoice Buyer for the amount, if any, that Buyer would have paid for normal shipment. ▪ Unless provided otherwise in the Purchase Order, all goods are sold DAP. Seller shall be responsible for and bear the risk of any loss or damage to the goods until received by the Buyer.

  • Pets and Animals Except for service animals as defined in law, Resident shall maintain no pets or animals (including mammals, reptiles, birds, fish, rodents and insects) upon the premises, nor allow visitors or guests to do so, other than: (Pets’ Name). In consideration for the community allowing Resident to maintain such said pet Resident shall pay a $750.00 Non-Refundable Pet fee. In addition there will be a $50.00 pet fee charged each month.

  • Special Risks or Circumstances City reserves the right to modify these requirements, including limits, based on the nature of the risk, prior experience, insurer, coverage, or other special circumstances.

  • LIABILITY AND RISK OF LOSS - PRODUCT LIABILITY With respect to products or processes resulting from a Party's participation in an SAA, each Party that markets, distributes, or otherwise provides such product, or a product designed or produced by such a process, directly to the public will be solely responsible for the safety of the product or process.

  • Hazards The Tenant shall not undertake, or permit his/her family or guests to undertake, any hazardous acts or do anything that will increase the project's insurance premiums. Such action constitutes a material non-compliance. If the unit is damaged by fire, wind, or rain to the extent that the unit cannot be lived in and the damage is not caused or made worse by the Tenant, the Tenant will be responsible for rent only up to the date of the destruction. Additional rent will not accrue until the unit has been repaired to a livable condition.

  • Appropriate Safeguards BA shall implement appropriate safeguards to prevent the use or disclosure of Protected Information other than as permitted by the Contract or Addendum, including, but not limited to, administrative, physical and technical safeguards in accordance with the Security Rule, including, but not limited to, 45 C.F.R. Sections 164.308, 164.310, and 164.312. [45 C.F.R. Section 164.504(e)(2)(ii)(B); 45 C.F.R. Section 164.308(b)]. BA shall comply with the policies and procedures and documentation requirements of the Security rule, including, but not limited to, 45 C.F.R. Section 164.316 [42 U.S.C. Section 17931].

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