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ACQUISITION & CONTRACTING, FEATURED ARTICLES, Industry News, Media Outlet

An Old Contracting Approach Could Be Just What the New Administration Needs

The Trump administration should revisit an old, results-based approach to contracting currently prevalent in the private sector—share-in-savings, also known as gain share. Unlike other types of contracts that commit the government to funding a project upfront, a share-in-savings contract requires the government to make only a minimal, upfront investment to begin a project, paying the contractor only when agreed-upon milestones or expected results are realized.

Share-in-savings contracts begin with specific agreed-upon measures, measurement methods, targets, timing, and rewards earned from successful results.

Source: An Old Contracting Approach Could Be Just What the New Administration Needs – Promising Practices – Management – GovExec.com

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