Transaction Documents Definition, Goals, and Objectives
The Transaction Documents codify the specific legal requirements that are unique to each privatization project in the portfolio. Transaction documents outline the performance standards and formal processes to which the Project Owner and the Air Force are held accountable. After a project closes, these documents serve as the sole reference resource to ensure stakeholders meet their legal obligations. As the legal foundation for each project, the transaction documents are routinely referenced during Compliance Testing, Dispute Resolution, and other mechanisms that support the achievement of the portfolio's fundamental goals and objectives.
Roles and Responsibilities
Asset Managers and other program stakeholders should know how to reference transaction documents and should have a basic understanding of their contents. The AFCEE Portfolio Management Team is responsible for archiving the final signed documents as well as providing initial training to Asset Managers and Housing Office staffs about their project's transaction documents. Additionally, the AFCEE Portfolio Management Team, through their legal department, is responsible for providing interpretation of legal issues and issuing guidance to Air Force stakeholders.
Process and/or Metrics
Digital copies of all final signed documents are archived on the AFPACES system for users to access and review. Stakeholder adherence to the Transaction Documents is assessed by the Portfolio Management Team on a quarterly basis in the Compliance Testing report.
