Incentivised Target Cost model

Government agencies and private developers have a range of delivery models to choose from when delivering infrastructure projects.

Choosing the most suitable approach comes down to a range of factors, from project complexity, organisational capability, time and cost constraints, and the funding source, to name a few.

In recent years there has been a significant shift towards more collaborative procurement models, driven by a desire to improve project outcomes, mitigate risks, and foster more collaborative relationships among stakeholders. 

Tom Marron, Director in our Infrastructure, Assets and Places team, recently sat down with Peter Colacino, NEC Contractor Ambassador – Australia and New Zealand, to discuss a model that has been gaining popularity in Australia and has been used extensively in other jurisdictions - the Incentivised Target Cost (ITC) model.

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