Transference
| last edited by: Dave Garrett on Oct 14, 2006 11:33 PM | login/register to edit this page |
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Transference of risk involves shifting of the consequence and impact of the risk to a third party. This can include the use of insurance, as well as performance bonds, warranties, guarantees, or fixed price contracts.
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| last edited by: Dave Garrett on Oct 14, 2006 11:33 PM | login/register to edit this page |
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"A good composer does not imitate; he steals." - Igor Stravinsky |