Publisher's Synopsis
"The management and administration of public sector contracts pose unique challenges. Billions of tax dollars are spect each year purchasing construction, supplies and services in support of public facilities. The particular features of public sector contracts and the special obligations that accocmpany any expenditure of public funds complicate the management of these efforts. Risk is a critical consideration in the contracting and procurement process. A thoughful and proactive approach toward risk, as it relates to specific procurement actions, contributes to the success of contract performance. Risk is directly related to the successful achievement of targeted goals anbd objectives. The procurement manager must ensure that the risks associated with each procurement action have been identified, assessed, and mitigated to the practicable maximum extent, while taking cost and other factors into. consideration..." from the Introduc
