The performance of the contract needs to be clear and concise, with no room for misinterpretation. If one party fails to meet its obligations, the other can take legal action. For this to happen, however, the contract must be legally binding. It means that it meets certain requirements to be valid in court.
To be effective, a performance contract template should include: Detailed service description: Specific tasks, deliverables, timelines, and responsibilities. Objective performance criteria: Measurable standards like KPIs, quality benchmarks, and deadlines.
“Performance-based contracting” means structuring all aspects of an acquisition around the purpose of the work to be performed with the contract requirements set forth in clear, specific and objective terms with measurable outcomes as opposed to either the manner by which the work is to be performed or broad and ...
Performance-based contracting considerations include the statement of work, quality assurance, selection procedures, contract type, repetitive requirements, and multiyear contracting.
§ 2.2-4300. Short title; purpose; declaration of intent The purpose of this chapter is to enunciate the public policies pertaining to governmental procurement from nongovernmental sources, to include governmental procurement that may or may not result in monetary consideration for either party.
The key elements of a PBSC PWS are: a statement of the required services in terms of output; a measurable performance standard for the output; and an AQL or allowable error rate.
Any competitive negotiation offeror, upon request, shall be afforded the opportunity to inspect proposal records within a reasonable time after the evaluation and negotiations of proposals are completed but prior to award, except in the event that the public body decides not to accept any of the proposals and to reopen ...
Males who are not registered by age 26 can be ineligible for student financial aid, U.S. Citizenship, federal job training, federal jobs, etc. and subject to prosecution. The Code of Virginia 2.2-2804 requires selective service registration compliance as a condition of employment for agencies of the Commonwealth.
§ 2.2-4000. Short title; purpose The purpose of this chapter is to supplement present and future basic laws conferring authority on agencies either to make regulations or decide cases as well as to standardize court review thereof save as laws hereafter enacted may otherwise expressly provide.