A Performance Contract is an agreement between our company and a client to meet specific performance and cost containment goals and share in the efficiencies produced in achieving those goals. The client must have a desire to improve the quality, dependability and efficiency of existing campus or building systems and services. Our goal is to significantly lower the clients’ administrative costs and annual spend on systems and services included in the contract.
All research, budgeting, development and review of a performance contract is confidential and covered by a mutual non-disclosure agreement. The client is tasked with working with us to identify wasted resources, inefficiencies, weak points and liability exposure in existing systems and programs. We research and propose alternatives that reduce administrative overhead and result in more dependable, more efficient systems. Combining the operational costs of several systems results in a lower blended cost, significantly lowering the customer’s annual spend. Performance Contracting produces less systems downtime and reduced customer liability. The more systems and services that are combined into a performance contract, the more significant the cost savings can be.
The client agrees to have Übertas manage the implementation, operation and maintenance of these systems to for a specified period of time and at an agreed-upon cost. Performance Contracts provide financial incentives for our company to exceed the stated goals of the program. Metrics are monitored by both the client and Übertas and studied in scheduled meetings.
Areas usually covered in an Übertas Performance Contract:
