Acquisition Center of Excellence
Performance-Based Acquisition (PBA) - formerly Performance-Based Contracting (PBC) - is a technique for structuring all aspects of an acquisition around the purpose and outcome desired as opposed to the process by which the work is to be performed. PBA is not a new acquisition strategy; it has been around since the 1990s. PBA is contracting for results!

Performance Goals for PBA:
This Administration re-energized PBA as a key initiative by emphasizing the importance of contracting for results. As a result, in 2001, the Office of Management and Budget (OMB) issued a mandate that specifically directs agencies to write performance-based techniques on a specific percentage of the total eligible service contracting dollars worth more than $25,000, each fiscal year as follows [OMB Memorandum M-01-11 (2/14/01 memo) and M-01-15 (3/9/01 memo)]: