Performance-Based Acquisition (PBA), formerly known as Performance-Based Contracting (PBC), is a contracting approach in which contractor performance is assessed against the desired outcome rather than the level of effort performed. The Army PBA initiative is designed to ensure that: Contractors are provided flexibility to determine and implement the best approach to meet the Government's performance objectives; Contractors can achieve appropriate performance quality levels; and Contractors receive payments only for services that meet the agreed upon levels of quality and performance and that are delivered on the agreed upon schedule. In addition, the contractor has the option of buying environmental insurance to cover additional costs that may occur if the cleanup expenditures exceed the contract award. Not all PBAs require environmental insurance.
Currently, the major PBA contracts at USAEC are in Cleanup.
General information about PBA contracting follows: