Showing 71 - 80 of 668,085
necessary to reach a common planed goal.Therefore, the contract shall be well-drafted to allocate risk properly and clearly … which is the main purpose of the contract. Fair allocation of risk supports reaching a better level of project control which …
Persistent link: https://www.econbiz.de/10012844170
models, we also discuss contract implementation issues and managerial implications …
Persistent link: https://www.econbiz.de/10012975598
This paper examines the Risk Management and Contract Design aspects of Public Private Partnerships. Part I begins with …, and some common mistakes. All risk management is manifested in the contract specifications. Part IV therefore focuses on … Getting the Contract Right, from the structure as well as the key aspects of contract formulation. The paper draws on the PPP …
Persistent link: https://www.econbiz.de/10013052823
Procurement auctions are sometimes plagued with a chosen supplier's failing to accomplish a project successfully. The risk of project failure is considerable, especially when the buyer has inadequate information about suppliers ex ante and the project can only be evaluated at the end. To manage...
Persistent link: https://www.econbiz.de/10013039477
Persistent link: https://www.econbiz.de/10012519049
Persistent link: https://www.econbiz.de/10012584558
Long-term minimum return guarantees sold by European life insurers increasingly become binding as interest rates decline. While participating contracts embedding these guarantees are designed to share market risk across investor cohorts when guarantees are not binding, we study how binding...
Persistent link: https://www.econbiz.de/10013232134
Contracts serve an important function: allocation of risks. In achieving this function, contractual parties routinely include a force majeure clause in their contracts to be excused from performance in the face of a supervening event. But what events qualify to excuse performance and how have...
Persistent link: https://www.econbiz.de/10013240680
Blockchain technology and its various applications have been gaining momentum rapidly in recent years. With the ability to disrupt whole industries and multi-national corporations, regulators have become aware of its potential as much as being wary of its inherent risks. This article seeks to...
Persistent link: https://www.econbiz.de/10013249947
Long-term minimum return guarantees sold by European life insurers increasingly become binding as interest rates decline. While participating contracts embedding these guarantees are designed to share market risk across investor cohorts when guarantees are not binding, we study how binding...
Persistent link: https://www.econbiz.de/10012497374