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 ...

The Defense Department says it will take steps to better manage its performance-based contracts following a report by the Pentagon Inspector General (IG) calling for reforms of such deals.

Performance guarantees and performance liquidated damages (PLDs) are an essential element of most engineering, procurement, and construction (EPC) contracts, especially those related to solar and ...