As part of the Knowledge Transfer initiative, CBFS encourages the staff members to undertake consultancy assignments through the College. The aim of this initiative is to assist in developing mutually beneficial relationships with stakeholders. This initiative helps to develop an awareness of business culture among the staff members that will enable the College to access additional resources and also assist staff to exploit their ideas by providing expert advice on specific problem area. The consultancy assignments are governed by a contract between the CBFS and a third party. CBFS has a separate policy on consultancy to support staff members in the delivery of consultancy assignments approved by the College.