Share-in-savings regs proposed

Agencies using share-in-savings contracts for information technology work will be required to develop business cases for the contracts and make contract awards based on best value, according to a procurement rule proposed by the Federal Acquisition Councils. Agencies also must make all share-in-savings contracts performance-based.

With share-in-savings contracting, the contractor puts up some or all of the development funds and is paid from the savings or revenue that the project generates. The proposed rule was published in the Federal Register July 2. Comments on the rule are due by Sept. 1 and may be sent via e-mail to 2003-008@gsa.gov.