While I usually don’t advertise on this Blog, the International Association of Contract and Commercial Management (IACCM) are once again offering a free Massive Open Online Course (MOOC) on Contract Management: Build Relationships in Business. This free online course is scheduled to run from 25th May 2020 – 14th June 2020 and is designed for anyone who wants to better understand what is involved in commercial business relationships, and the process of managing contractual agreements.
The reason I am mentioning this course on my Performance Based Contracting (PBC) Blog is that I am one of the guest presenters during the event talking about Managing a PBC. The topic of my short 1 hour presentation covers the following area:
Performance Based Contracts (PBCs) have proven to be an effective tool in reducing overall costs for buyers and providing profitable growth opportunities for sellers making it the contract model of choice across a range of market sectors. While deceptively simple, PBCs are different to conventional contracts and require a different approach to their development, implementation and management. The ability for organisations to effectively develop, implement and manage PBCs is critical to business success as failure can often lead to long-term performance, financial and reputational damage.
I hope to see you there.
(Disclosure – I am a Fellow and part of the IACCM Australia and New Zealand Advisory Board. These are non-financial positions and my guest presentation is being offered for free as part of my vision to create a PBC Community of Practice to help advance this fascinating field).