User's Guide to Performance Based Payments (Rev)

Abstract

PBP is a method of providing financing to contractors performing under fixed-price contracts. PBPs differ from the more traditional progress payments in that they are based upon the achievement of specific events or accomplishments that are defined and valued in advance by the parties to the contract, rather than being tied to and based upon incurred costs of performance. There are significant advantages for both the government and the contractor.

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Document Details

Document Type
Technical Report
Publication Date
Nov 30, 2001
Accession Number
ADA606464

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Acquisition
  • Aircrafts
  • Airframes
  • Assembly
  • Best Practices
  • Business Administration
  • Contract Administration
  • Contractors
  • Contracts
  • Department Of Defense
  • Fixed Price Contracts
  • Management Personnel
  • Manufacturing
  • Procurement
  • Production
  • Small Business
  • Test And Evaluation

Readers

  • Government Contracting/Procurement.
  • Systems Analysis and Design