Excelling in Performance-Based Contracts in Contract Management

Description

This Skill Bit shows that Performance-based contracts (PBCs) prioritize achieving specific results rather than merely delivering predetermined outputs, fostering enhanced efficiency and accountability. These contracts facilitate effective risk-sharing between parties compared to traditional contracts. This course will teach you how to develop key performance indicators (KPIs), effectively manage risks, design robust PBCs, and ensure ethical practices throughout the contracting process, ultimately leading to improved outcomes and stronger partnerships.

Duration approx. 5 Min.

Tier: advanced