No pain, no gain… except in an ITC contract Considering the Incentivised Target Cost model - online registration

Please note that you are registering for online attendance only.

The link will be provided closer to the event.

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.

In person registration for this event has now closed.  Please email if you wish to be added to the wait list.

More details are available in the flyer below.