Nexus Group Performance Based Contracting
Nexus Group, located in Wichita, Kansas, is an industry leader in performance based contracting. Performance based contracting (PBC), sometimes referred to as performance-based logistics (PBL) or performance-based acquisition, is a commercial contracting process used to ensure measurable supplier performance. Often, Nexus can offer performance guarantees as part of a performance based contract. Performance contracting is in contrast to the conventional contracting where progress payments are based on completion of milestones and project deliverables.
Nexus’s approach as performance contractor focuses on developing relevant metrics along with owners and linking contracting income to our performance against the established metrics. Typical metrics in play are availability, reliability, maintainability, supportability and total cost of ownership.
Nexus’s primary means of performance contracting are accomplished through incentivized, long-term contracts with specific and measurable levels of operational performance defined by our customers and agreed on by contracting parties. With incentivized performance measures, Nexus and other contracting parties are encouraged and motivated to implement enhanced practices that offer improved efficiency, and more cost effective solutions.
Contact Nexus Group to be your trusted Px for your next build or renovation project.
Success Story
Industries Served
- Commercial office buildings
- Industrial facilities
- Hospitals, surgery centers and medical facilities
- Schools and educational campuses
- Churches and religious buildings
- Government buildings
- Retail buildings
- Hotels
