Open Book Contract Management to deal with the contractual and cost impacts of COVID-19

Given recent guidance from the Cabinet Office that public bodies (contracting authorities) and suppliers should agree to act on an open book basis (Action Note PPN 02/20), CIPFA and Stradia are collaborating to provide advice and support on how these arrangements can best be implemented.

Open Book Contract Management (OBCM) provides a clear process to support the challenges caused by COVID-19 – including delayed projects; reduced productivity due to social distancing; additional costs for suppliers; delay and increased cost to material supply; furloughed employees; and expired service contracts.

To support organisations interested in learning more about how to deliver services or projects through OBCM, Stradia and CIPFA are planning to deliver online training and advice. More information to follow next week!

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