ART - MANAGING CONTRACT RISKS IN OUTSOURCING AGREEMENTS 2012

The document discusses the challenges and risks associated with managing outsourcing agreements in government contracts. It highlights the importance of identifying and mitigating risks in order to prevent performance failures and maintain ethical standards. The document emphasizes the need for a strong contract administration and monitoring function in outsourcing agreements, as well as the importance of considering the contractor's fiscal health. The author provides steps for developing a risk management plan and suggests including these requirements in the Request for Proposals (RFP) for potential contractors. The document concludes by acknowledging the difficulty of managing contractual risks but emphasizes the importance of overcoming these challenges for successful outcomes.