Deciding on how to finance a government contract can be as complex as the regulations governing the contract itself. Depending on the method chosen, the time devoted to administering the financing portions of the contract and negotiating its checkpoints may vary tremendously. With increased used of the Performance-Based Payments (PBP) method, it is important to understand its dynamics and how you should negotiate milestones that will come to define the contract, as these milestones are often determined at the earliest stages before any work is done and might later prove to be problematic, costly and unnecessary to your agreement. PBPs differ in many ways from the the Progress-Payment method, which is based on costs incurred so knowing these distinctions is another key to navigating through a PBP contract. This course will address all the major issues concerning Performance-Based Payments financing to arm you with practical insights into how a PBP contract should be approached from the earliest stages through completion.
