‘SMART BUYER’/’SMART SELLER’ CONTRACT GOVERNANCE
WHY AND HOW TO IMPLEMENT IT
Today, much public sector performance is achieved with programs delivered through commercial contract relationships with private sector organisations.
The Defence First Principles Review (2015) strongly recommended that Defence should implement a “Smart Buyer” function, a concept introduced by Professor Donald Kettl in his book “Sharing Power” (1993).
However, FPR offered no contract governance model to guide Defence on how to implement “Smart Buyer’.
Still, both public and private sector organisations are leaking value and have higher than necessary transaction costs in these contracts.
Globally, leading academics (Kettl, Kelman, Greve, Sturgess etc ) and expert practitioners have identified a glaring weakness in contract governance/management after the contract is signed.
Both parties in the exchange need to become “Smarter” through a clearly understood and shared contract governance model.
CGIG is offering a one day program to address these critical gaps.
The program is designed for all those, (including senior executives), involved in public sector contracts from the public and private sectors.