CIPS Level 4 | Module 3 | Chapter 3 | Part 03
Автор: Supply Chain & Procurement Simplified
Загружено: 2026-02-28
Просмотров: 1
Описание:
Insurance, Subcontracting, Guarantees & Liquidated Damages
Who carries the financial risk when something goes wrong?
This session explains how contracts manage risk transfer and supplier accountability.
Inside this video:
• Insurance as a financial risk transfer tool (not liability removal)
• Common insurance types: Employer’s Liability, Public/Product Liability, Professional Indemnity
• Key considerations: cover limits, scope, audit rights
• Subcontracting control and contract “flow-down” across tiers
• Guarantees for long-life goods and performance assurance
• Liquidated Damages (LADs) — genuine pre-estimates of loss
• Why LADs must never operate as penalties
This is where contracts move from theory to protection.
Risk not structured is risk uncontrolled.
🎯 Build Smarter Risk Management
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👉 Share this video with your procurement team
👉 Watch the full playlist in sequence
#ContractRisk #Procurement #L4M3 #CommercialLaw
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