A new Performance Based Information System (PBIS)/Performance Based Procurement System (PBPS) is under development and testing. It harnesses the technological advancement of computer technology, information technology, and artificial intelligence. It is based on Information Measurement Theory (IMT). The research effort has been ongoing for the last five years, resulting in over $2.5 million research and 150 tests in the private and public sectors. Current research partners include the states of Utah and Hawaii, the Federal Aviation Administration (FAA), United Air Lines, Peco Energy, the Sheet Metal and Air Conditioning National Association (SMACNA) and construction contractors and material manufacturers. The current and future deliverables of the research include unique "genetic performance bar codes" for constructors and construction systems, an unbiased, artificially intelligent decision maker for identification of value, and an information system that will replace minimum standards in all "noncommodity" or "risk" areas of construction.