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PERFORMANCE CONTRACTING. A SPLIT PERSONALITY CONTRACTOR’S PERSPECTIVE. KEY POINTS OF PERFORMANCE BASED CONTRACTING. Means of promoting innovation Reallocates more risk to contractor Suggests using “Best Value Award” Performance goals should target: Improving safety

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performance contracting

PERFORMANCE CONTRACTING

A SPLIT PERSONALITY CONTRACTOR’S PERSPECTIVE

key points of performance based contracting
KEY POINTS OF PERFORMANCE BASED CONTRACTING
  • Means of promoting innovation
  • Reallocates more risk to contractor
  • Suggests using “Best Value Award”
  • Performance goals should target:
    • Improving safety
    • Reducing congestion due to construction
    • Improving quality
    • Improving user satisfaction
different abilities required for contractors to succeed
DIFFERENT ABILITIES REQUIRED FOR CONTRACTORS TO SUCCEED
  • Engineering resource (in house)
  • Research capabilities or experience
  • Sophisticated planning & scheduling
  • Financial & bonding strength
  • Staff to respond to “Best Value” RFP
conclusions
CONCLUSIONS
  • Performance Contracting can provide increased value in certain situations
  • You need to be aware of the abilities of your contracting community
  • It will probably reduce the number of bidders you get on a project