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Chris Cairns and Dr. Rob Read, the co-founders of the General Services Administration’s (GSA) 18F organization, make an argument for government to use “share-in-savings” (SiS) contracts to help tackle IT procurement challenges. “With SiS, agencies can launch IT projects with little or no upfront funding,” they write. “Instead, they pay a contractor a share of the savings (or revenue) generated from the contracted effort. The better and quicker the vendor performs, the better they do financially. The worse and slower they perform, the worse they do financially. It’s the ultimate form of performance-based contracting, and is a practice wholly permitted under existing federal regulations.”

Full Story: Federal News Radio

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