NASA Extends Contract Terms as Motivator for Good Performance
The National Aeronautics and Space Administration is testing a new contract type that will allow contractors that deliver excellent performance to win extended contract terms. Under the new pilot program of the “award term contract” (ATC) a contractor will receive a “3/4 incentive” where for each year of performance rated “excellent” it can earn nine months of additional performance up to a limit of 10 years under a normal five year contract. Conversely, the contractor can lose nine months of performance if its score for a one-year period falls below a good or successful range under an ATC.
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