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Managing Contract Risks in an Uncertain World

Author: Tim Cummins

One of the key trends that IACCM observed in 2007 was the rising threat to Western companies because of their attitudes to risk. They do not have confidence in their ability to manage risk, so they seek to avoid it. And in so doing, they open the way to their more nimble competitors from emerging markets. This is especially evident in the contracting and negotiation practices and policies followed by many international corporations.

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