"No pain, no gain… except in an ITC contract" - Considering the Incentivised Target Cost model
This event is being offered both in person, and online. THE IN PERSON EVENT IS FULLY BOOKED AND REGISTRATION IS CLOSED. But places are available for the Online version.
Presented by Krista Payne, Partner at Ashurst and Meredith Riley, Senior Associate at Ashurst.
Moderated by Sep Zarrin of the SoCLA Events Subcommittee.
The use of collaborative contracting models for major infrastructure projects has been increasing in Australia in recent years as principals and contractors alike aim to overcome various challenges in the market and seek better alignment on commercial incentives during delivery.
The Incentivised Target Cost model (or the ITC model) is one form of collaborative contracting that has gained popularity in the market and moves away from the traditional lump sum to a gain share/pain share structure. Further, in addition to a different payment mechanism, this form of contracting also requires a shift in thinking and practice by participants.
This session provides a general introduction to the ITC model, giving insights into when and how the model is best implemented and flagging important issues for participants to consider in negotiating and administering ITC contracts.
This session will be presented by Krista Payne, who is a partner at Ashurst and Meredith Riley, a Senior Associate at Ashurst. Both Krista and Meredith have been involved in developing, procuring and delivering multiple ITC contracts and will share some of their learnings from these projects.
More information in the flyer below.
THE IN PERSON EVENT IS FULLY BOOKED AND REGISTRATION IS CLOSED.
If you would like to register for the Online version, please click here. Note that the online event will start at 6 PM AEST.
When
July 28th, 2022 from 5:30 PM AEST to 7:30 PM AEST
Location
Australia
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