Performance Contracting: A Split Personality Contractor's Perspective - Technology Transfer - Highways for LIFE - R&T

Performance Contracting: A Split Personality Contractor's Perspective January 21, 2007 PowerPoint Version (67 kb)
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 Engineering resource (in house) Research capabilities or experience Sophisticated planning & scheduling Financial & bonding strength Staff to respond to "Best Value" RFP
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