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Author Archives: Andrew Jacopino
Understanding Behavioural Economics
Previously, I mentioned using Behavioural Economics as one technique to make sure that the Performance Management Framework (PMF) drives the desired behaviours. For those of you who want more information on this fascinating topic, can I suggest a free online … Continue reading
Posted in the Why
Tagged Behavioural Economics, PBC, PBL, Performance Based Contracting, Performance Management Framework
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How Much is Enough?
When developing a Performance Based Contract (PBC) one of the questions consistently asked is, “so how much should be put at risk?”. Notwithstanding the fact that highly successful PBCs use a combination of both financial and non-financial rewards and remedies, … Continue reading
Averaging Performance Measures
During the development of a Performance Based Contract (PBC) one area that consistently trips people up is the concept of averaging. Typically, performance measures take into account multiple timeframes (e.g. days in a month), multiple events in a time period … Continue reading
So Why Use a PBC?
Extending on our simple description of Performance Based Contracting (PBC), a form of contracting that directly relates the delivery of the products or services to payment; we need to examine the 3 key differences between a PBC and traditional contracts: … Continue reading
Defining a Performance Based Contracting (PBC)
While there are a range of definitions I have always used a very simple definition of a Performance Based Contract (PBC); a form of contracting that directly relates the delivery of the products or services to payment. To do this, … Continue reading
Posted in Definition, the What
Tagged contractor performance, PBC, Performance Based Contracting
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The Why, the What and the How
As part of this blog I intend to cover the Why, the What and the How of Performance Based Contracting (PBC). So what do I mean by these 3 terms? the Why – using this term I want to discuss … Continue reading
Welcome to the Performance Based Contracting (PBC) Blog!
Welcome to the Performance Based Contracting (PBC) Blog! My aim for this blog is to provide both people new to the field of PBC and experienced practitioners a variety of useful information and a forum to openly discuss this fascinating … Continue reading
Performance Based Contracting (PBC) Blog 