BOOM (Contract Builds, Owns, Operates and Maintains Contract)

BOOM is a business construct for procurement that stands for Builds, Owns, Operates and Maintains. This model allows businesses to optimize their procurement process by utilizing long-term contracts to build, own, operate and maintain assets or services. This approach enables ongoing management of contracted services while allowing the contractor to assume responsibility for all associated costs. The BOOM model provides an effective way of streamlining long-term investments while mitigating operational risk and ensuring contractual obligations are met.