Performance-based contracting has the meaning contained in 48 CFR 37.101.
Performance-based management contract means a management and operating contract that employs, to the maximum extent practicable, performance-based contracting concepts and methodologies through the application of results-oriented statements of work; clear, objective performance standards and measurement tools; and incentives to encourage superior contractor performance.
[62 FR 34842, Jun. 27, 1997; 65 FR 80994, Dec. 22, 2000]
