Tag Archives: Rolling Window

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

Posted in Contract Consequences, Incentives, the How | Tagged , , , , , , , | Leave a comment

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

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

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

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