SlideShare a Scribd company logo
Mitigating Risks with Contractors and Vendors
Within today’s environment, public organizations face many risks associated with their vendors and contractors. Not all
risks can be mitigated away. However, you can significantly mitigate the risks your firm encounters when it comes to
contracting to the right kinds of contractors and vendors. The failure to perform appropriate due diligence could cause
issues with inadequate performance, inability to complete job orders, or inadvertently working with businesses who do
not keep up adequate insurance, pay their taxes, or maintain the appropriate licenses.


                Questions you should know about your contractor and vendor risk mitigation
                practices:

                1. Who is responsible for the vetting of your contractors and vendors?

                2. Do you have a centralized location to house all of your organization’s contractor and vendor
                   data?

                3. How often is this information updated and verified and who is responsible for these tasks?

                4. Who is verifying that your contractors and vendors insurance hasn’t changed throughout the
                   year, and if they have the right types of coverage?

                5. How are you protecting your organization from utilizing contractors and vendors who are not
                   current on their tax payments, or have judgments against them?



If you can’t answer these questions with certainty then you can’t rely on your own
system. From here you have two options: fix internally or work with Assurance Screening
to ease this process for you.

Between hiring staff, paying for a software platform to house all the data, and covering
the costs of pulling the different types of business checks your organization needs to
make informed and ongoing decisions regarding your contractors and vendors, you can
quickly become aware that implementing a program internally is not necessarily the best
option.

When you work with Assurance Screening, we handle all of the above with no costs to
you. With our contractor and vendor notification system and document collection and
verification team specially trained to run the process for you, you can feel confident
knowing that you have the information your organization needs to make informed
decisions when it comes to working with quality contractors and vendors. In addition, with
our customizable screening parameters, your organization can have the peace of mind
knowing that your contractors and vendors have the right insurance, bonding capacity,
licenses, or other types of credentials required to work with your organization.



                Meet with us today to see how we can help your firm Be Sure.



                                                  www.assurancescreening.com
                                                 ©2011 Assurance Screening, LLC

More Related Content

Viewers also liked

Unid2 act.1-mfs,el conflicto
Unid2 act.1-mfs,el conflictoUnid2 act.1-mfs,el conflicto
Unid2 act.1-mfs,el conflicto
Marely Flores
 
Materia estadao a 2012
Materia estadao a 2012Materia estadao a 2012
Materia estadao a 2012
gsdias
 
Contextos
Contextos Contextos
Foro Innova Valladolid 2015 - Javier Tomé Collado
Foro Innova Valladolid 2015 - Javier Tomé ColladoForo Innova Valladolid 2015 - Javier Tomé Collado
Foro Innova Valladolid 2015 - Javier Tomé Collado
El Norte de Castilla
 
Elementos finitos
Elementos finitosElementos finitos
Elementos finitos
licuymaritza
 
Suplemento Fiestas de San Antolín - Palencia 2015
Suplemento Fiestas de San Antolín - Palencia 2015Suplemento Fiestas de San Antolín - Palencia 2015
Suplemento Fiestas de San Antolín - Palencia 2015
El Norte de Castilla
 
Prueba slideshare
Prueba slidesharePrueba slideshare
Prueba slideshare
juanarangosj
 
Ação de formação março de 2012
Ação de formação março de 2012Ação de formação março de 2012
Ação de formação março de 2012
luziaguerreiro
 
Presentación1
Presentación1Presentación1
Presentación1
Ivan Leon
 
Yellow Flower
Yellow FlowerYellow Flower
Yellow Flowermrsike
 
Desempeño de windows 8
Desempeño de windows 8Desempeño de windows 8
Desempeño de windows 8
Chris Ticas
 
Porto e gaia
Porto e gaiaPorto e gaia
Porto e gaiaMizé
 
Upload 8
Upload 8Upload 8
Upload 8
taky12
 
Clouds
CloudsClouds
Cloudsmrsike
 
5º 2º tics para cualquier e twinning
5º  2º tics para cualquier e twinning5º  2º tics para cualquier e twinning
5º 2º tics para cualquier e twinning
Camilo Rodriguez MAcias
 

Viewers also liked (15)

Unid2 act.1-mfs,el conflicto
Unid2 act.1-mfs,el conflictoUnid2 act.1-mfs,el conflicto
Unid2 act.1-mfs,el conflicto
 
Materia estadao a 2012
Materia estadao a 2012Materia estadao a 2012
Materia estadao a 2012
 
Contextos
Contextos Contextos
Contextos
 
Foro Innova Valladolid 2015 - Javier Tomé Collado
Foro Innova Valladolid 2015 - Javier Tomé ColladoForo Innova Valladolid 2015 - Javier Tomé Collado
Foro Innova Valladolid 2015 - Javier Tomé Collado
 
Elementos finitos
Elementos finitosElementos finitos
Elementos finitos
 
Suplemento Fiestas de San Antolín - Palencia 2015
Suplemento Fiestas de San Antolín - Palencia 2015Suplemento Fiestas de San Antolín - Palencia 2015
Suplemento Fiestas de San Antolín - Palencia 2015
 
Prueba slideshare
Prueba slidesharePrueba slideshare
Prueba slideshare
 
Ação de formação março de 2012
Ação de formação março de 2012Ação de formação março de 2012
Ação de formação março de 2012
 
Presentación1
Presentación1Presentación1
Presentación1
 
Yellow Flower
Yellow FlowerYellow Flower
Yellow Flower
 
Desempeño de windows 8
Desempeño de windows 8Desempeño de windows 8
Desempeño de windows 8
 
Porto e gaia
Porto e gaiaPorto e gaia
Porto e gaia
 
Upload 8
Upload 8Upload 8
Upload 8
 
Clouds
CloudsClouds
Clouds
 
5º 2º tics para cualquier e twinning
5º  2º tics para cualquier e twinning5º  2º tics para cualquier e twinning
5º 2º tics para cualquier e twinning
 

More from Assurance Screening

Assurance Screening Introduction
Assurance Screening IntroductionAssurance Screening Introduction
Assurance Screening Introduction
Assurance Screening
 
Assurance Screening Services (Subcontractor)
Assurance Screening Services (Subcontractor)Assurance Screening Services (Subcontractor)
Assurance Screening Services (Subcontractor)
Assurance Screening
 
2012 Assurance Screening Sample Solutions
2012 Assurance Screening Sample Solutions2012 Assurance Screening Sample Solutions
2012 Assurance Screening Sample Solutions
Assurance Screening
 
Assurance Screening - Screening Criteria Checklist
Assurance Screening - Screening Criteria ChecklistAssurance Screening - Screening Criteria Checklist
Assurance Screening - Screening Criteria Checklist
Assurance Screening
 
News from Assurance Screening, llc
News from Assurance Screening, llcNews from Assurance Screening, llc
News from Assurance Screening, llc
Assurance Screening
 
Our Software
Our SoftwareOur Software
Our Software
Assurance Screening
 
Developer Risk
Developer Risk Developer Risk
Developer Risk
Assurance Screening
 
Construction Risk
Construction RiskConstruction Risk
Construction Risk
Assurance Screening
 
Homebuilder Risk
Homebuilder RiskHomebuilder Risk
Homebuilder Risk
Assurance Screening
 
Assurance Informational Packet
Assurance Informational PacketAssurance Informational Packet
Assurance Informational Packet
Assurance Screening
 
The Numbers Don't Lie
The Numbers Don't LieThe Numbers Don't Lie
The Numbers Don't Lie
Assurance Screening
 

More from Assurance Screening (11)

Assurance Screening Introduction
Assurance Screening IntroductionAssurance Screening Introduction
Assurance Screening Introduction
 
Assurance Screening Services (Subcontractor)
Assurance Screening Services (Subcontractor)Assurance Screening Services (Subcontractor)
Assurance Screening Services (Subcontractor)
 
2012 Assurance Screening Sample Solutions
2012 Assurance Screening Sample Solutions2012 Assurance Screening Sample Solutions
2012 Assurance Screening Sample Solutions
 
Assurance Screening - Screening Criteria Checklist
Assurance Screening - Screening Criteria ChecklistAssurance Screening - Screening Criteria Checklist
Assurance Screening - Screening Criteria Checklist
 
News from Assurance Screening, llc
News from Assurance Screening, llcNews from Assurance Screening, llc
News from Assurance Screening, llc
 
Our Software
Our SoftwareOur Software
Our Software
 
Developer Risk
Developer Risk Developer Risk
Developer Risk
 
Construction Risk
Construction RiskConstruction Risk
Construction Risk
 
Homebuilder Risk
Homebuilder RiskHomebuilder Risk
Homebuilder Risk
 
Assurance Informational Packet
Assurance Informational PacketAssurance Informational Packet
Assurance Informational Packet
 
The Numbers Don't Lie
The Numbers Don't LieThe Numbers Don't Lie
The Numbers Don't Lie
 

Recently uploaded

真实可查(nwu毕业证书)美国西北大学毕业证学位证书范本原版一模一样
真实可查(nwu毕业证书)美国西北大学毕业证学位证书范本原版一模一样真实可查(nwu毕业证书)美国西北大学毕业证学位证书范本原版一模一样
真实可查(nwu毕业证书)美国西北大学毕业证学位证书范本原版一模一样
28xo7hf
 
一比一原版(cwu毕业证书)美国中央华盛顿大学毕业证如何办理
一比一原版(cwu毕业证书)美国中央华盛顿大学毕业证如何办理一比一原版(cwu毕业证书)美国中央华盛顿大学毕业证如何办理
一比一原版(cwu毕业证书)美国中央华盛顿大学毕业证如何办理
asukqco
 
The Rise and Fall of Ponzi Schemes in America.pptx
The Rise and Fall of Ponzi Schemes in America.pptxThe Rise and Fall of Ponzi Schemes in America.pptx
The Rise and Fall of Ponzi Schemes in America.pptx
Diana Rose
 
10 geo ch 7 lifelines of economy and studies
10 geo ch 7 lifelines of economy and studies10 geo ch 7 lifelines of economy and studies
10 geo ch 7 lifelines of economy and studies
RhemanRaphael
 
PM pre reads for the product manager framework
PM pre reads for the product manager frameworkPM pre reads for the product manager framework
PM pre reads for the product manager framework
KishoreKatta6
 
Macroeconomic-digest-of-Ukraine-0624-Eng.pdf
Macroeconomic-digest-of-Ukraine-0624-Eng.pdfMacroeconomic-digest-of-Ukraine-0624-Eng.pdf
Macroeconomic-digest-of-Ukraine-0624-Eng.pdf
olaola5673
 
Money20/20 and EU Networking Event of 20/24!
Money20/20 and EU Networking Event of 20/24!Money20/20 and EU Networking Event of 20/24!
Money20/20 and EU Networking Event of 20/24!
FinTech Belgium
 
Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technol...
Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technol...Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technol...
Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technol...
nimaruinazawa258
 
快速办理(RWTH毕业证书)德国亚琛工业大学毕业证录取通知书一模一样
快速办理(RWTH毕业证书)德国亚琛工业大学毕业证录取通知书一模一样快速办理(RWTH毕业证书)德国亚琛工业大学毕业证录取通知书一模一样
快速办理(RWTH毕业证书)德国亚琛工业大学毕业证录取通知书一模一样
yeuwffu
 
Chapter 25: Economic Growth Summary from Samuelson and Nordhaus
Chapter 25: Economic Growth Summary from Samuelson and NordhausChapter 25: Economic Growth Summary from Samuelson and Nordhaus
Chapter 25: Economic Growth Summary from Samuelson and Nordhaus
iraangeles4
 
Budgeting as a Control Tool in Govt Accounting in Nigeria Prof Oyedokun.pptx
Budgeting as a Control Tool in Govt Accounting in Nigeria Prof Oyedokun.pptxBudgeting as a Control Tool in Govt Accounting in Nigeria Prof Oyedokun.pptx
Budgeting as a Control Tool in Govt Accounting in Nigeria Prof Oyedokun.pptx
Godwin Emmanuel Oyedokun MBA MSc PhD FCA FCTI FCNA CFE FFAR
 
Understanding-Stocks-and-Real-Estate.pptx
Understanding-Stocks-and-Real-Estate.pptxUnderstanding-Stocks-and-Real-Estate.pptx
Understanding-Stocks-and-Real-Estate.pptx
cosmo-soil
 
BIHC Briefing June 2024 from Bank+Insurance Hybrid Capital in association wit...
BIHC Briefing June 2024 from Bank+Insurance Hybrid Capital in association wit...BIHC Briefing June 2024 from Bank+Insurance Hybrid Capital in association wit...
BIHC Briefing June 2024 from Bank+Insurance Hybrid Capital in association wit...
Neil Day
 
The state of welfare Resolution Foundation Event
The state of welfare Resolution Foundation EventThe state of welfare Resolution Foundation Event
The state of welfare Resolution Foundation Event
ResolutionFoundation
 
Ending stagnation: How to boost prosperity across Scotland
Ending stagnation: How to boost prosperity across ScotlandEnding stagnation: How to boost prosperity across Scotland
Ending stagnation: How to boost prosperity across Scotland
ResolutionFoundation
 
Discover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive GuidanceDiscover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive Guidance
36 Crypto
 
How Poonawalla Fincorp and IndusInd Bank’s Co-Branded RuPay Credit Card Cater...
How Poonawalla Fincorp and IndusInd Bank’s Co-Branded RuPay Credit Card Cater...How Poonawalla Fincorp and IndusInd Bank’s Co-Branded RuPay Credit Card Cater...
How Poonawalla Fincorp and IndusInd Bank’s Co-Branded RuPay Credit Card Cater...
beulahfernandes8
 
Monthly Market Risk Update: June 2024 [SlideShare]
Monthly Market Risk Update: June 2024 [SlideShare]Monthly Market Risk Update: June 2024 [SlideShare]
Monthly Market Risk Update: June 2024 [SlideShare]
Commonwealth
 
South Dakota State University degree offer diploma Transcript
South Dakota State University degree offer diploma TranscriptSouth Dakota State University degree offer diploma Transcript
South Dakota State University degree offer diploma Transcript
ynfqplhm
 
一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查
一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查
一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查
taqyea
 

Recently uploaded (20)

真实可查(nwu毕业证书)美国西北大学毕业证学位证书范本原版一模一样
真实可查(nwu毕业证书)美国西北大学毕业证学位证书范本原版一模一样真实可查(nwu毕业证书)美国西北大学毕业证学位证书范本原版一模一样
真实可查(nwu毕业证书)美国西北大学毕业证学位证书范本原版一模一样
 
一比一原版(cwu毕业证书)美国中央华盛顿大学毕业证如何办理
一比一原版(cwu毕业证书)美国中央华盛顿大学毕业证如何办理一比一原版(cwu毕业证书)美国中央华盛顿大学毕业证如何办理
一比一原版(cwu毕业证书)美国中央华盛顿大学毕业证如何办理
 
The Rise and Fall of Ponzi Schemes in America.pptx
The Rise and Fall of Ponzi Schemes in America.pptxThe Rise and Fall of Ponzi Schemes in America.pptx
The Rise and Fall of Ponzi Schemes in America.pptx
 
10 geo ch 7 lifelines of economy and studies
10 geo ch 7 lifelines of economy and studies10 geo ch 7 lifelines of economy and studies
10 geo ch 7 lifelines of economy and studies
 
PM pre reads for the product manager framework
PM pre reads for the product manager frameworkPM pre reads for the product manager framework
PM pre reads for the product manager framework
 
Macroeconomic-digest-of-Ukraine-0624-Eng.pdf
Macroeconomic-digest-of-Ukraine-0624-Eng.pdfMacroeconomic-digest-of-Ukraine-0624-Eng.pdf
Macroeconomic-digest-of-Ukraine-0624-Eng.pdf
 
Money20/20 and EU Networking Event of 20/24!
Money20/20 and EU Networking Event of 20/24!Money20/20 and EU Networking Event of 20/24!
Money20/20 and EU Networking Event of 20/24!
 
Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technol...
Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technol...Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technol...
Tdasx: Interpreting the 2024 Cryptocurrency Market Funding Trends and Technol...
 
快速办理(RWTH毕业证书)德国亚琛工业大学毕业证录取通知书一模一样
快速办理(RWTH毕业证书)德国亚琛工业大学毕业证录取通知书一模一样快速办理(RWTH毕业证书)德国亚琛工业大学毕业证录取通知书一模一样
快速办理(RWTH毕业证书)德国亚琛工业大学毕业证录取通知书一模一样
 
Chapter 25: Economic Growth Summary from Samuelson and Nordhaus
Chapter 25: Economic Growth Summary from Samuelson and NordhausChapter 25: Economic Growth Summary from Samuelson and Nordhaus
Chapter 25: Economic Growth Summary from Samuelson and Nordhaus
 
Budgeting as a Control Tool in Govt Accounting in Nigeria Prof Oyedokun.pptx
Budgeting as a Control Tool in Govt Accounting in Nigeria Prof Oyedokun.pptxBudgeting as a Control Tool in Govt Accounting in Nigeria Prof Oyedokun.pptx
Budgeting as a Control Tool in Govt Accounting in Nigeria Prof Oyedokun.pptx
 
Understanding-Stocks-and-Real-Estate.pptx
Understanding-Stocks-and-Real-Estate.pptxUnderstanding-Stocks-and-Real-Estate.pptx
Understanding-Stocks-and-Real-Estate.pptx
 
BIHC Briefing June 2024 from Bank+Insurance Hybrid Capital in association wit...
BIHC Briefing June 2024 from Bank+Insurance Hybrid Capital in association wit...BIHC Briefing June 2024 from Bank+Insurance Hybrid Capital in association wit...
BIHC Briefing June 2024 from Bank+Insurance Hybrid Capital in association wit...
 
The state of welfare Resolution Foundation Event
The state of welfare Resolution Foundation EventThe state of welfare Resolution Foundation Event
The state of welfare Resolution Foundation Event
 
Ending stagnation: How to boost prosperity across Scotland
Ending stagnation: How to boost prosperity across ScotlandEnding stagnation: How to boost prosperity across Scotland
Ending stagnation: How to boost prosperity across Scotland
 
Discover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive GuidanceDiscover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive Guidance
 
How Poonawalla Fincorp and IndusInd Bank’s Co-Branded RuPay Credit Card Cater...
How Poonawalla Fincorp and IndusInd Bank’s Co-Branded RuPay Credit Card Cater...How Poonawalla Fincorp and IndusInd Bank’s Co-Branded RuPay Credit Card Cater...
How Poonawalla Fincorp and IndusInd Bank’s Co-Branded RuPay Credit Card Cater...
 
Monthly Market Risk Update: June 2024 [SlideShare]
Monthly Market Risk Update: June 2024 [SlideShare]Monthly Market Risk Update: June 2024 [SlideShare]
Monthly Market Risk Update: June 2024 [SlideShare]
 
South Dakota State University degree offer diploma Transcript
South Dakota State University degree offer diploma TranscriptSouth Dakota State University degree offer diploma Transcript
South Dakota State University degree offer diploma Transcript
 
一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查
一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查
一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查
 

Public Risk

  • 1. Mitigating Risks with Contractors and Vendors Within today’s environment, public organizations face many risks associated with their vendors and contractors. Not all risks can be mitigated away. However, you can significantly mitigate the risks your firm encounters when it comes to contracting to the right kinds of contractors and vendors. The failure to perform appropriate due diligence could cause issues with inadequate performance, inability to complete job orders, or inadvertently working with businesses who do not keep up adequate insurance, pay their taxes, or maintain the appropriate licenses. Questions you should know about your contractor and vendor risk mitigation practices: 1. Who is responsible for the vetting of your contractors and vendors? 2. Do you have a centralized location to house all of your organization’s contractor and vendor data? 3. How often is this information updated and verified and who is responsible for these tasks? 4. Who is verifying that your contractors and vendors insurance hasn’t changed throughout the year, and if they have the right types of coverage? 5. How are you protecting your organization from utilizing contractors and vendors who are not current on their tax payments, or have judgments against them? If you can’t answer these questions with certainty then you can’t rely on your own system. From here you have two options: fix internally or work with Assurance Screening to ease this process for you. Between hiring staff, paying for a software platform to house all the data, and covering the costs of pulling the different types of business checks your organization needs to make informed and ongoing decisions regarding your contractors and vendors, you can quickly become aware that implementing a program internally is not necessarily the best option. When you work with Assurance Screening, we handle all of the above with no costs to you. With our contractor and vendor notification system and document collection and verification team specially trained to run the process for you, you can feel confident knowing that you have the information your organization needs to make informed decisions when it comes to working with quality contractors and vendors. In addition, with our customizable screening parameters, your organization can have the peace of mind knowing that your contractors and vendors have the right insurance, bonding capacity, licenses, or other types of credentials required to work with your organization. Meet with us today to see how we can help your firm Be Sure. www.assurancescreening.com ©2011 Assurance Screening, LLC