After just over a year since its last review and the introduction of the security schedule (to deal with data handling issues), OGC has now published their latest review of the ICT Model Agreement, version 2.3. The new version includes significant updates in the key areas of financial distress and security management, two major concerns for Intellect (read our press release for more info)
So why is this important? Well, inevitably industry and the public sector have two different views of what a contract should look like, with each side trying to minimise its risks and safeguard itself as much as possible. For example, there may be unrealistic trigger clauses that if applied would only escalate the situation manifold and actually lead to what the authority sought to avoid in the first place: a failed project! The review of the Financial Distress schedule for example took this into account in its changes.
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