Contracts are a form of risk management. They define the terms and conditions under which goods, services, or other considerations of value are exchanged among parties involved in a transaction.

The Purpose of Contracts

  • Contracts state the obligations of the parties involved in the transaction, and the course of action should any of the parties fail to meet the stated and agreed upon obligations.
  • Contracts allocate the risk among the parties involved in a transaction based on which party is in the best position to manage the risk.

Contract Management

Information regarding the College’s contract management process:

Contact Procurement, Risk Management, or General Counsel’s Office if you have questions about contracts or contract management.

Contact Us

Jeannette Angles, ARM-E
Risk Manager

Office of Finance and Treasury
Horn Library, Room 309
231 Forest Street
Babson Park, MA 02457