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Category Archives: Contract Consequences
Inputs, Output and Outcomes – Part 2
In the previous article (see Inputs, Output and Outcomes – Part 1) I looked at the difference between inputs, outcome and outcomes from a Performance Based Contracting (PBC) perspective in order to highlight the benefits and pitfalls of this approach. … Continue reading
Inputs, Output and Outcomes – Part 1
Much has been said about outcomes recently. Indeed, many buyers seek to use Performance Based Contracts (PBCs) to contract for outcomes, because they are attracted by the simplicity of using a PBC. But this could be a costly mistake if … Continue reading
Award Term – Part 3
Having described the both the key elements and operation of an Award Term in the previous 2 posts (see Award Term – Part 1 and Award Term – Part 2), to aid in our understanding I will now look at … Continue reading
Award Term – Part 2
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
Award Term – Part 1
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
Performance Based Contracting (PBC) Blog 