3.7 Purpose: The register allows the contract team to anticipate and assess risks that may affect the service delivery described in the contract.
3.8 Useful documents: The project will have a procurement risk register. This will need to be updated to exclude risks that fall away at contract signature and include the risks during the construction and operational phases.
3.9 Areas to consider: The risk register should set out potential threats to the project, the probability of them occurring, and the impact which they might have. Each risk should have a named individual responsible for its management and mitigation. The risk register should be a live document; new and emerging risks should be added and it should be reviewed regularly to make sure that it is relevant. An assessment of the resources that will be needed to manage these risks should also be made and monitored. Authorities should consider the case for a shared risk register with the Contractor so that both parties can discuss mitigation.