About: Performance-based contracting

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Performance based contracting (PBC), also known as performance-based logistics (PBL) or performance-based acquisition, is a product and services purchasing strategy used to achieve measurable supplier performance. A PBC approach focuses on developing strategic performance metrics and directly relating contracting payment to performance against these metrics. Common metrics include availability, reliability, maintainability, supportability and total cost of ownership. The primary means of accomplishing this are through incentivized, long-term contracts with specific and measurable levels of operational performance defined by the customer and agreed on by contracting parties. The incentivized performance measures aim to motivate the supplier to implement enhanced practices that offer improve

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rdfs:label	Performance-based contracting (en)
rdfs:comment	Performance based contracting (PBC), also known as performance-based logistics (PBL) or performance-based acquisition, is a product and services purchasing strategy used to achieve measurable supplier performance. A PBC approach focuses on developing strategic performance metrics and directly relating contracting payment to performance against these metrics. Common metrics include availability, reliability, maintainability, supportability and total cost of ownership. The primary means of accomplishing this are through incentivized, long-term contracts with specific and measurable levels of operational performance defined by the customer and agreed on by contracting parties. The incentivized performance measures aim to motivate the supplier to implement enhanced practices that offer improve (en)
dcterms:subject	Contract law Management by type
Wikipage page ID	36847187 (xsd:integer)
Wikipage revision ID	1056607343 (xsd:integer)
Link from a Wikipage to another Wikipage	Canada Booz Allen Hamilton University of Tennessee GE Aviation Lockheed Martin Federal Acquisition Regulation Performance-based logistics Total cost of ownership Australia BAE Systems Hawk Contract law Business Process Outsourcing Total Cost of Ownership Western Australia Logistics Whole-life cost Management by type Eurofighter Typhoon Defense industry IT Availability Business model Anzac class frigate New South Wales New Zealand Maintainability Waterfall model Royal Australian Armoured Corps Performance metric World Commerce & Contracting Misinterpretation Reliability (engineering) Support engineering Maintenance, Repair and Overhaul Collins class submarine Defence Material Organisation dbr:Contractor_Logistics_Support
Link from a Wikipage to an external page	http://blog.ifsworld.com/2013/11/ifs-helps-ge-aviation-and-us-navy-team-save-110-million-win-secretary-of-defense-award/ http://www-esd.worldbank.org/pbc_resource_guide/Case-Australia.htm http://www.scaf.org.uk/library/prespaper/2012_02/Implementing%20Performance%20Based%20Contracting%20in%20Through%20Life%20Projects%20-%20John%20Scire%20and%20Dale%20Shermon%20-%20QinetiQ.pdf0 https://www.core-outsourcing.org/cpages/home-page https://www.dau.edu/tools/t/Performance-Based-Logistics-(PBL)-Guidebook https://www.sig.org/ http://www.defence.gov.au/dmo/Multimedia/asd_pbc_v2-9-5979.pdf http://www.defence.gov.au/dmo/Newsitems/30Jun12_Collins_contract_signed.cfm http://www.defence.gov.au/dmo/Newsitems/8Jun12_Defence_Capability_Update.cfm http://www.defence.gov.au/dmo/gc/Contracting/pbcd/Contracting_CMPBCC.pdf http://www.defence.gov.au/dmo/gc/asdefcon/asdefcon_support/vers_3/Supplement_PPBC_Handbook.pdf http://www.defence.gov.au/dmo/gc/index.cfm http://www.defenseindustrydaily.com/Australia-Moves-Closer-to-Performance-Based-Contracts-for-Armored-Vehicle-Support-06401/ https://web.archive.org/web/20120912071023/http:/www.boozallen.com/media/file/performance-based-logistics-perspective.pdf http://onlinepubs.trb.org/onlinepubs/nchrp/nchrp_syn_389.pdf http://www.lockheedmartin.com/us/news/press-releases/2014/november/MFC-111814-2014-Secretary-of-Defense-PBL-Award.html http://www.baesystems.com/cs/groups/public/documents/document/mdaw/mdqw/~edisp/baes_026996.pdf http://www.dau.mil/pubscats/ATL%20Docs/Mar_Apr_2012/Boyce_Banghart.pdf
sameAs	Performance-based contracting Performance-based contracting
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bot	InternetArchiveBot (en)
date	March 2018 (en)
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has abstract	Performance based contracting (PBC), also known as performance-based logistics (PBL) or performance-based acquisition, is a product and services purchasing strategy used to achieve measurable supplier performance. A PBC approach focuses on developing strategic performance metrics and directly relating contracting payment to performance against these metrics. Common metrics include availability, reliability, maintainability, supportability and total cost of ownership. The primary means of accomplishing this are through incentivized, long-term contracts with specific and measurable levels of operational performance defined by the customer and agreed on by contracting parties. The incentivized performance measures aim to motivate the supplier to implement enhanced practices that offer improved performance and cost effective. This stands in contrast to the conventional transaction-based, or waterfall approach, where payment is related to completion of milestones and project deliverables. In PBC, since a part or the whole payment is tied to the performance of the provider and the purchaser does not get involved in the details of the process, it becomes crucial to define a clear set of requirements to the provider. Occasionally governments fail to define the requirements clearly. This leaves room for providers, either intentionally or unintentionally, to misinterpret the requirements, which creates a game like situation. Recent studies highlighted that the shift from transaction-based to outcome-based relationship requires a business model innovation. Performance-based approaches are widely used within the defense industry, but can be applied across any spend category. (en)
prov:wasDerivedFrom	wikipedia-en:Performance-based_contracting?oldid=1056607343&ns=0
page length (characters) of wiki page	17614 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Performance-based_contracting
is Link from a Wikipage to another Wikipage of	Product-service system Performance Based Contracting PBC Performance-based logistics Strategic partnership
is Wikipage redirect of	Performance Based Contracting
is Wikipage disambiguates of	PBC
is foaf:primaryTopic of	wikipedia-en:Performance-based_contracting

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