Category Archives: Definition

Definitions used within the field of Performance Based Contracting (PBC).

Averaging Performance Measures

During the development of a Performance Based Contract (PBC) one area that consistently trips people up is the concept of averaging.  Typically, performance measures take into account multiple timeframes (e.g. days in a month), multiple events in a time period … Continue reading

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Defining a Performance Based Contracting (PBC)

While there are a range of definitions I have always used a very simple definition of a Performance Based Contract (PBC); a form of contracting that directly relates the delivery of the products or services to payment.  To do this, … Continue reading

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