Risks and risk management

Effective contract management and competitive tendering for contracts is of key importance in terms of Hansel's risk management. Hansel operates in strict compliance with procurement legislation and the company’s tendering process, thus guaranteeing the high quality of its tendering services. The company has internal guidelines and a quality assurance system for competitive tendering.

Each framework supplier’s financial, technical and professional ability to provide the procured products or services is assessed during the tendering phase. Contract suppliers are monitored throughout the contract period. In cooperation with a risk management expert, Hansel regularly conducts major risk identification projects, the results of which are presented in more detail in the Corporate Responsibility Report.