Contract Risk Assessment Checklist

• Conducted on

  Date

• Prepared by

• Staff (if appicable)

Financial Risks

• Is there a clearly defined budget for the project or proposed contract?

  Yes

  No

  N/A

• Are there clear calculations of expenditures?

  Yes

  No

  N/A

• Are there contingency plans in case of unexpected spending or losses?

  Yes

  No

  N/A

• Are there substitute procurement agencies or partners that can easily be contacted in case of emergency?

  Yes

  No

  N/A

• Is there a proper documentation process for all expenditures?

  Yes

  No

  N/A

• Are payment terms clear for all parties involved?

  Yes

  No

  N/A

Regulatory Risks

• Is the project or contract compliant with all legal regulations of the local area?

  Yes

  No

  N/A

• Is the project or contract compliant with quality standards set by all parties involved?

  Yes

  No

  N/A

• Is there assurance that all employees, contractors, and subcontractors will be paid fairly?

  Yes

  No

  N/A

• Are all tasks to be done compliant with local and international safety regulations?

  Yes

  No

  N/A

• Are deadlines for compliance with regulatory standards clear and communicated to all?

  Yes

  No

  N/A

• Is there a proper documentation process in place?

  Yes

  No

  N/A

Performance Risks

• Are the project or contract's scope and limitations clearly defined?

  Yes

  No

  N/A

• Are the expectations and deadlines set achievable and realistic?

  Yes

  No

  N/A

• Are there contingency plans for cases wherein deadlines and expectations are not met?

  Yes

  No

  N/A

Security Risks

• Are all external partners (such as third party suppliers, software providers, and cloud services) properly screened?

  Yes

  No

  N/A

• Do all parties have a safe way of managing and protecting their data?

  Yes

  No

  N/A

• Are restricted work areas properly protected and isolated from unauthorized personnel?

  Yes

  No

  N/A

• Are there contingency plans in case of mishandled or leaked private information?

  Yes

  No

  N/A

Sign-off

• Additional comments (N/A if none)

• Recommendations (N/A if none)

• Prepared by

  Sign