“Share-in savings contracts represent an innovative,
performance-based approach to procurement that encourages
industry to share technology and solutions with the government
— without large ‘up-front’ costs to the taxpayer,” said House
Government Reform Committee chairman Tom Davis, R-Va.,
calling them “turbo-charged” performance based contracts.
Davis, who sponsored the e-gov act, said it is frustrating that
regulations to use SIS contracts for IT have still not been issued
a month before the authority for them is set to expire.
He said he “looked forward to the extension of the existing
authority and its implementation,” and that the committee
believes the contracts could result in “massive savings.”
“These contracts provide the most powerful incentive imaginable
for the contractor to deliver results to the government,” he said,
adding, “the more a company saves the government, the more it
gets paid.”
