High Performance Incentive Contracting

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High Performance Incentive Contracting

Course Details

Cost

$150

Upcoming Schedule

  • On demand

Course Provider

Coggno online courses
Coggno is a comprehensive marketplace features thousands of high-quality training courses created by world-class training developers, and covers virtually all industries – including human resources, management, healthcare, safety, and many others. Coggno provides a “one stop shop” resource to meet all your specific education and training needs, and provides simple, efficient delivery via our LMS platform.
Coggno is a comprehensive marketplace features thousands of high-quality training courses created by world-class training developers, and covers virtually all industries – including human resources, management, healthcare, safety, and many others. Coggno provides a “one stop shop” resource to meet all your specific education and training needs, and provides simple, efficient delivery via our LMS platform.
Provider Subject Specialization
Humanities
Business & Management
2 reviews

Course Description

Course Title:  High Performance Incentive Contracting   Course Presenters: Diana R. Hoag & Matthew B. Ellis   Course Length:  5 Modules / 3.25 Hours Course Credit Hours:  4 Hours   Course Overview:   Design-build project delivery proves more than any other method that “ordinary people can do extraordinary things.” Writing contracts that are successful at effectively motivating people, however, is central to making this happen. Successful motivation requires a well-written contract that provides appropriate awards and incentives. In traditional design-bid-build, contracts often contemplate only failure, with provisions and clauses that address what the adverse consequences will be once failure occurs. This presumption of failure results in contracts that do not contemplate how the contracting parties might appropriately reward one another for success and excellent performance. The most powerful design-build contracts, on the other han... Course Title:  High Performance Incentive Contracting   Course Presenters: Diana R. Hoag & Matthew B. Ellis   Course Length:  5 Modules / 3.25 Hours Course Credit Hours:  4 Hours   Course Overview:   Design-build project delivery proves more than any other method that “ordinary people can do extraordinary things.” Writing contracts that are successful at effectively motivating people, however, is central to making this happen. Successful motivation requires a well-written contract that provides appropriate awards and incentives. In traditional design-bid-build, contracts often contemplate only failure, with provisions and clauses that address what the adverse consequences will be once failure occurs. This presumption of failure results in contracts that do not contemplate how the contracting parties might appropriately reward one another for success and excellent performance. The most powerful design-build contracts, on the other hand, are written to include things such as award fees and incentives to promote cooperation, teamwork and collaboration. Combined with the effective use of performance requirements, these “aspirational contracts” help the contracting parties to achieve extraordinary success. At the end of this course attendees will be able to: Describe the basic structure of a design-build contract Define and delineate between award fees and incentives Describe the mechanics of incentive and award fee arrangements Identify various clauses and checklists used in incentive contracting Attachments: HP Contracting-Module 1 (handouts) HP Contracting-Module 2 (handouts) HP Contracting-Module 3 (handouts) HP Contracting-Module 4 (handouts) HP Contracting-Module 5 (handouts) Diana R. Hoag - Presenter Bio Matthew B. Ellis - Presenter Bio Use of Stipends Best Value Selection Contract Incentives and Design-Build, Rethinking Acquisition Strategies Integrated Project Delivery Organization of DB Entity Role of Qualification in Selection of a Design-Builder Wedges 2-5 Preamble_4 Mar 06 Sample Linked Incentives Contract Clause_4 Mar 06 Sample Award Fee Contract Clause_4 Mar 06 Exerpts from DBIA Guide 530_4 Mar 06
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