Monthly Archives: March 2019

Award Term – Part 2

Posted on Sat 30 Mar 2019 by Andrew Jacopino

In the earlier post (see Award Term – Part 1) I looked at the key elements of an Award Term.  In this post let’s look at how the buyer determines whether to grant an Award Term to the seller. Award … Continue reading →

Posted in Contract Consequences, Incentives, the How | Tagged , , , , , , , | 1 Comment

Award Term – Part 1

Posted on Sat 16 Mar 2019 by Andrew Jacopino

Central to the use of Performance Based Contracts (PBC) is the balancing of buyer needs with seller (contract) consequences, referring to the variety of commercial rewards and remedies that apply as part of a PBC and can include contract extension, … Continue reading →

Posted in Contract Consequences, the How | Tagged , , , , , , , | 4 Comments