In our last installment, I wrote about the issues and reactions that can arise between contract owners and contractors when it comes to managing cost-plus contracts.
Most, if not all of these problems can be solved through better information sharing and process transparency from both sides. What seems to be missing in most situations is a [...]
Continue reading about The Technology of Procurement: Managing Cost-Plus Contracts – Part 2
Here in the antipodes, contract manufacturing and outsourced service provision relies heavily on “cost-plus” models.
With these types of arrangements, the customer (Contract Owner) outsources a section of their need to a third-party service provider (Contractor), who then performs the work and submits their costs, plus a pre-agreed margin. These arrangements are common in government, contract [...]
Continue reading about The Technology of Procurement: Managing Cost Plus Contracts — Part 1