A performance-based contract allows building owners to pay for facility improvements through guaranteed costs savings they will achieve with those improvements. This type of contract is particularly ...

Lockheed Martin and Pentagon officials are back to negotiating a traditional F-35 sustainment contract after the company failed to convince its largest customer to move to a five-year ...

As Brock Purdy continues to wait for a lucrative long-term contract extension from the San Francisco 49ers, his financial portfolio did get a little bit stronger thanks to his performance from the ...

No one doubts that federal officials will continue to encourage performance-based contracting in the coming year. But some emerging success stories could give agency officials guidance about using ...

SEOUL—Korea Aerospace Industries (KAI) and the Defense Acquisition Program Administration (DAPA) have signed the first KF-21 performance-based logistics (PBL) contract. The deal, signed on Dec. 9 and ...

What Is a FAR Based Contract? FAR contracts are governed by the Federal Acquisition Regulation, a comprehensive set of rules and guidelines designed to regulate federal government procurement. These ...

When Brittany Miller was chief of staff for the Denver school district’s deputy superintendent of academics, she was often called upon to weigh in when the district was struggling with “contracts gone ...

RTX (RTX) was awarded $185.8M for a ceiling-price, delivery order under a previously awarded performance based contract for the repair, upgrade, or replacement of 160 parts in two of the 13 major ...

Department of Human Services Deputy Commissioner of Policy and Programs Kendra Boley Rogers walked lawmakers through West Virginia’s performance-based contract program for child placement agencies ...

CEO Robert Eifler highlighted a strong quarter with adjusted EBITDA of $338 million and free cash flow of $173 million. The company returned $80 million in dividends and repurchased $20 million of ...

The MP framed the proposal as being in line with President William Ruto’s broader governance agenda, saying it complements the Head of State’s push for an efficient, accountable and results-driven ...