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The latter are eye-catching, innovative initiatives but are aimed at organisations that have the scale, risk capital and the interest to run contracts.
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"We're using the next three weeks to run contract acceptance tests.
Mr. Dauman ran contracts to his Carlyle Hotel suite.
He says: "Your dealmaker needs to be well respected in the business sector, financially well-established and used to running contracts for that government".
"While they've gotten smaller contracts," Bard explains, "they haven't gotten the home-run contracts investors were hoping for".
Different types of framework agreements may have different names depending on the context or legal system —for example, long-term agreements (LTAs), task-order contracts, indefinite-quantity contracts, call-off contracts, umbrella contracts, rate or running contracts, system contracts, general service agreements, blanket purchase agreements, and standing offers.
BT and CSC were in the running for contracts to run services including libraries, and benefit payments.
Currently, the port is run under contract by the Port of Singapore Authority.
Among other features, run-prone contracts promise fixed values and first-come first-served payment.
Operations and maintenance were privately run, each contract overseen by a different defence agency.
The rest of its equipment is built in three dozen plants around the world run by contract manufacturers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com