What Does GOCO Stand For?

GOCO stands for Government Owned Contractor Operated

GOCO, or Government Owned Contractor Operated, refers to a framework in which the government retains ownership of a facility or asset while contracting a private entity to manage and operate it. This model leverages the expertise and efficiency of private companies to enhance performance and innovation, while ensuring that strategic oversight and public accountability are maintained by the government. GOCO arrangements are commonly found in sectors such as defense, research, and infrastructure, promoting a partnership that balances public interests with private sector efficiency.