Performance Based Contracting can be defined as “a contractual framework for the Delivery of Products or Services whereby Payment is Directly Related to Performance.” This is achieved through the development of an effective tailored Performance Management Framework for inclusion in the Contract.

QinetiQ Novare uses a proven proprietary 8-step process, benchmarked against world best practice, to develop effective tailored PBC’s. For a broader explanation of the 8 step process, click here.
When used effectively, PBC can be developed to benefit both the Contracting Agency (through assured consistent performance as measured against Key Performance Indicators (KPIs) in a Value for Money (VfM) manner) and the contractor (through assured stable profit margins where the reward is appropriate to the risk).

For further information on how QinetiQ Novare can assist with your PBC needs, please contact our PBC Business Area on + 61 (2) 6200 2600.