What are the basic elements of a contract?
The NIC uses a phased project structure – projects are selected for Phase 2 on the basis of their Phase 1 performance • Phase 1: Proof-of-concept (up to 6 months, maximum value of £20,000). Contract milestones to include: • PID (Project Implementation Document) • Functional Specification report • Technical Specification report • Initial Prototype • Phase 2: Development (up to 2 years, maximum value £80,000). Contract milestones to include: • PID • Business Plan • Refinement of Prototype • Up to 100% funding under commissioned contract • The commissioned work will be based on standard contract terms from the NHS Institute • Intellectual Property rests with contractor (with certain rights of use for the Institute) Our competitions are based on SBRI principles. To learn more about SBRI, see www.innovateuk.org In addition to SBRI, the NIC runs other types of EU Pre-Commercial Procurement competitions, each of which is consistent with EU Competition Law, including Auctions, Classic Procurem
