Performance Based Contracts


Results-oriented contracting methods focus on the output, quality, or outcomes of a service and tie at least a portion of a contractor's payment, extensions, or renewals to the achievement of specific, measurable performance standards. These contracts define performance metrics and payment terms upfront, fairly balance risks and rewards, and are set for an appropriate length of time to manage risk and provide a reasonable return on investment.

Part of Solution

  • Creating a New Type of Innovation District (iPark)

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