NBN has signed new construction contracts that it claimed will speed up the rollout of the National Broadband Network to another 4 million homes and businesses. Contracts have been signed with Downer, Fulton Hogan, Transfield, Visionstream, and WBHO. These companies will connect premises using fibre-to-the-node, fibre-to-the-building, or fibre-to-the premises technologies. The new multi-technology Integrated Master Agreement (MIMA) replaces the Network Services Master Agreement (NSMA). NBN, formerly NBN Co, said the new performance based contracts is a departure from the old commercial model which guaranteed large volumes of work to suppliers in specific states and regions regardless of performance. They also placed a high administrative burden upon suppliers as well as no competition for work. Instead, the new contracts offer flexible volume commitments, competition between delivery partners, and pricing based on outcomes rather than inputs, according to NBN. NBN CEO, Bill Morrow, said this means the performance of the company’s construction partners, the quality of their work and adherence to safe work practices will determine how much additional work they will receive. “We have worked closely with the industry to reduce the complexity of out contracts to make them easier to administer and to reward good work as we gear up to accelerate the rollout,” he said. Contracts with additional suppliers are also being negotiated and nearing conclusion. NBN earlier this month said it had connected around 1 million premises to the national broadband network. Related content feature Expedia poised to take flight with generative AI CTO Rathi Murthy sees the online travel service’s vast troves of data and AI expertise fueling a two-pronged transformation strategy aimed at growing the company by bringing more of the travel industry online. By Paula Rooney Jun 02, 2023 7 mins Travel and Hospitality Industry Digital Transformation Artificial Intelligence case study Deoleo doubles down on sustainability through digital transformation The Spanish multinational olive oil processing company is immersed in a digital transformation journey to achieve operational efficiency and contribute to the company's sustainability strategy. By Nuria Cordon Jun 02, 2023 6 mins CIO Supply Chain Digital Transformation brandpost Resilient data backup and recovery is critical to enterprise success As global data volumes rise, business must prioritize their resiliency strategies. By Neal Weinberg Jun 01, 2023 4 mins Security brandpost Democratizing HPC with multicloud to accelerate engineering innovations Cloud for HPC is facilitating broader access to high performance computing and accelerating innovations and opportunities for all types of organizations. By Tanya O'Hara Jun 01, 2023 6 mins Multi Cloud Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe