Statutes, codes, and regulations
North Dakota Administrative Code
Title 4 - Management and Budget, Office ofArticle 4-12 - State Procurement Practices
Chapter 4-12-07 - Managing Contractual Risk
Section 4-12-07-01 - Risk management analysis

N.D. Admin. Code 4-12-07-01

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Current through Supplement No. 394, October, 2024
Section 4-12-07-01 - Risk management analysis

In preparing a solicitation or contract, the procurement officer will consider the potential risks involved in the contract for procurement of commodities or services to determine reasonable measures that can be taken to mitigate those risks, including the use of insurance, bonding, or other types of security.

N.D. Admin Code 4-12-07-01

Effective August 1, 2004.

General Authority: NDCC 54-44.4-04

Law Implemented: NDCC 54-44.4-01, 54-44.4-04