Commercial Risk Management explains how to identify, mitigate and avoid the principal risks in any project or transaction. It shows how all the dimensions of risk can be successfully managed through the contractual agreements covering the project and examines the treatment of the main sources of risk under seven main headings: organisational, technical, time frame, financial, suppliers, post-delivery and third party. This book also explores the principles of risk management in areas such as insurance, exclusion clauses, the use of contractual vehicles and the over-riding concept of risk bearing or sharing.