Common use of Management of Risk Clause in Contracts

Management of Risk. 82.1 It shall be a condition of the contract that the Contractor shall continuously monitor the contract for any emerging risks. Where the Contractor identifies such an emerging risk that has the potential to effect the execution of the contract in any way whatsoever, then the Contractor shall immediately notify the Authorised Officer in writing, clearly identifying the risk, the potential implications for the Commissioner and the actions that may be taken to eliminate or mitigate such risk.

Appears in 3 contracts

Samples: Electrical Generator Maintenance Services, Suffolk Police and Crime Commissioner, Suffolk Police and Crime Commissioner

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Management of Risk. 82.1 72.1 It shall be a condition of the contract that the Contractor shall continuously monitor the contract for any emerging risks. Where the Contractor identifies such an emerging risk that has the potential to effect the execution of the contract in any way whatsoever, then the Contractor shall immediately notify the Authorised Officer in writing, clearly identifying the risk, the potential implications for the Commissioner and the actions that may be taken to eliminate or mitigate such risk.

Appears in 3 contracts

Samples: Suffolk Police and Crime Commissioner, www.blpd.gov.uk, www.blpd.gov.uk

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Management of Risk. 82.1 81.1 It shall be a condition of the contract that the Contractor shall continuously monitor the contract for any emerging risks. Where the Contractor identifies such an emerging risk that has the potential to effect the execution of the contract in any way whatsoever, then the Contractor shall immediately notify the Authorised Officer in writing, clearly identifying the risk, the potential implications for the Commissioner and the actions that may be taken to eliminate or mitigate such risk.

Appears in 1 contract

Samples: Suffolk Police and Crime Commissioner

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