ultrajärjestelmät
Ultracontracts, or "ultrajärjestelmät" in Finnish, refer to complex contractual arrangements that aim to govern the long-term delivery and operation of infrastructure and public services. These agreements are characterized by their intricate structure, often involving multiple parties, detailed performance metrics, and mechanisms for risk sharing and dispute resolution. The primary goal of an ultracontract is to ensure that a project is delivered on time, within budget, and meets specified quality standards throughout its lifecycle.
These contracts are typically employed in large-scale public sector projects, such as the development of transportation
Key features of ultracontracts include performance-based payments, where remuneration is directly tied to the achievement of