Effective Risk Management: Performance Bonds, Guarantees, and ADR Solutions

This Skill Bit explores how performance bonds, surety bonds, bank guarantees, and various types of insurance contribute to effective contract risk management and performance assurance. Learn advanced strategies in contract risk management, including risk pools, captive insurance, risk hedging, and scenario planning, to enhance your risk management practices. Additionally, discover how arbitration and mediation can strengthen contract risk management by understanding their advantages, ideal applications, and effective utilization for resolving disputes.

Duration approx. 4 Min.

Tier: advanced

A part of Risk Mitigation Strategies in Contract Management course.