Corima © (Contract Risk Management)

Corima © (Contract Risk Management)

Every successful project requires that you manage and control all contracts and any associated risks. A minimum number of risk management activities should be performed systematically. Being the owner of CoRiMa©, GIASIL has something more to offer than this minimum amount of contract and risk management. The algorithm CoRiMa© allows us to present the technical/commercial risks in a histogram, merging all data and immediately analysing and visualising every document. No more wasting your precious time on gaining insight into and comprehension of your contracts.

CoRiMa© stores all contracts and any revised and updated versions. It prioritises your documents indicating the relevancy of each paragraph, document or contract and the amount of negotiating that has to be done. All aspects of a contract are shown in graphs and tables to highlight and point out any grey areas and risks. Each document comes with an evaluation form and evaluation report. On top of that, CoRiMa© presents a general overview of your contracts by means of a CER (Contract Evaluation Report) summarizing the main issues.

GIASIL is well aware that there are no guarantees on any project. No matter how carefully planned, your project can always run into trouble and encounter unexpected problems. GIASIL assures you piece of mind and safeguards you from potential risks. Therefore, risk identification will be a continuous activity throughout the life span of your project. Thanks to CoRiMa© a majority of the risks will even be identified early enough to guarantee a proper response, planning and monitoring. The algorithm is characterized by a pyramidal approach starting with paragraph evaluation, over chapter and document evaluation, up to the final contract evaluation.

CoRiMa© has proved to be an indispensable working tool which is both flexible and accessible from anywhere via the web.

Have a look at our presentation

Presentation