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64. How can a company reduce risk when entering into a contract with a vendor? OBy insisting on a signed, written supplier contract to minimize
64. How can a company reduce risk when entering into a contract with a vendor? OBy insisting on a signed, written supplier contract to minimize the risk of miscommunication about key contract elements. OBy using only cost reimbursement contracts to shift the risk to the contractor. OBy only covering brief, basic details in the contract so the specifics can be discussed as the project moves forward. O By keeping the high-priority items of the contract bound by a verbal agreement.
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