; and (2) by adding at the end the following new subsection: (b) Contract requirements The Secretary shall ensure that each contract for a service into which the Secretary enters under subsection (a) includes the following: (1) Measurable metrics to ascertain the performance of the provider of the service, relating to cost, schedule, and fulfillment of contract requirements. (2) A plan of action and milestones for the provision of the service, with estimates of the dates on which significant portions of the contract will be completed and a description of the resources the service provider will assign to provide the service. (3) Safeguards to ensure that the service provided meets a minimum threshold of quality determined by the Secretary, including authority for the Secretary to levy a financial penalty upon the service provider if the service provided fails to meet such threshold. (4) Measurable metrics relating to the use of award or incentive fees. (5) A requirement that the service provider documents through information technology systems of the Department the work of the service provider so that the Secretary can review and validate the quality of the service provided using the metrics set forth in the contract under paragraph (1). (c) Reporting requirements (1) For each contract for a service into which the Secretary enters under subsection (a)— (A) not later than 45 days after the last day of each quarter for the duration of the contract, the Secretary shall submit to the Committee on Veterans’ Affairs of the Senate and the Committee on Veterans’ Affairs of the House of Representatives— (i) a report on the service provided under the contract and an assessment as to how such service compares with respect to the metrics set forth in the contract under subsection (b)(1); and (ii) a report that details the significant modifications made to the contract, if any, and a justification for such modifications