PERFORMANCE BASED PREFERENCE Clause Samples

A Performance Based Preference clause establishes that certain preferences, such as contract awards or benefits, are granted based on the achievement of specific performance criteria. In practice, this means that a party may receive preferential treatment—such as additional compensation, contract extensions, or priority consideration—if they meet or exceed defined performance benchmarks, like quality standards or delivery timelines. This clause incentivizes high performance and ensures that rewards or advantages are allocated to those who demonstrably fulfill or surpass contractual expectations, thereby promoting efficiency and accountability.
PERFORMANCE BASED PREFERENCE. ‌ Through the direction of the Office of Management and Budget (OMB), Office of Federal Procurement Policy (OFPP), performance-based contracting techniques will be applied to Task Orders issued under this contract to the “maximum extent practicable.” For information about performance based service contracts, refer to OFPP’s Best Practices Handbook located at ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇. Pursuant to FAR 37.102(a)(2), the Ordering Contracting Officer will use performance- based acquisition methods to the maximum extent practicable using the following order of precedence: (1) A Firm-Fixed Price Performance-Based Task Order; (2) A Performance-Based Task Order that is not Firm-Fixed Price; (3) A Task Order that is not Performance-Based.
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PERFORMANCE BASED PREFERENCE. Pursuant to FAR 37.102(a)(2), the OCO should use performance-based acquisition methods to the maximum extent practicable using the following order of precedence: (1) A Firm-Fixed Price Performance-Based Order; (2) A Performance-Based Order that is not Firm-Fixed Price; (3) An Order that is not Performance-Based.
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PERFORMANCE BASED PREFERENCE. ‌ (1) A Firm-Fixed Price Performance-Based Task Order; (2) A Performance-Based Task Order that is not Firm-Fixed Price; (3) A Task Order that is not Performance-Based.
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PERFORMANCE BASED PREFERENCE. Pursuant to FAR 37.102(a)(2), the OCO should use performance-based acquisition methods to the maximum extent practicable using the following order of precedence: (1) A Firm-Fixed Price Performance-Based Order; (2) A Performance-Based Order that is not Firm-Fixed Price; (3) An Order that is not Performance-Based. B.7 ORDER PRICING (ALL ORDER TYPES) The OCO is responsible for the determination of cost or price reasonableness for each Order type. When adequate price competition exists (see FAR 15.403-1(b)(1)), generally no additional information is necessary to determine the reasonableness of cost or price. If adequate price competition does not exist and no other exceptions apply (see FAR 15.403-1(b)), the OCO must request a Certificate of Current Cost and Pricing Data in accordance with FAR 15.403-4. If a Contractor does not have an approved purchasing system, the Contractor shall request and receive OCO consent to subcontract in accordance with FAR 44.2 Consent to Subcontracts, and FAR 52.244-2, Subcontracts.
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PERFORMANCE BASED PREFERENCE. Pursuant to FAR 37.102(a), the Ordering Contracting Officer (OCO) (See Section G.2.3) must use performance-based acquisition methods to the maximum extent practicable.
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Related to PERFORMANCE BASED PREFERENCE

  • Performance-Based Vesting At the end of each Measurement Year, on the Measurement Date, the percentage of Shares set forth above shall be eligible to vest (the "Eligible Shares"). On each Measurement Date, 50% of the Eligible Shares shall become Vested Shares if at least 90% of the Target EBITDA amount was met for the prior Measurement Year. If more than 90% of the Target EBITDA amount was met for the prior Measurement Year, then the Eligible Shares shall become Vested Shares on a straight line basis such that an additional 5% of Eligible Shares shall become Vested Shares for each 1% that actual Consolidated Adjusted EBITDA exceeds 90% of the Target EBITDA amount.

  • Performance Based Compensation During the Period of Employment and assuming Executive remains continuously employed by the Company through the end of the relevant fiscal year, Executive shall also be entitled to participate in an annual performance-based cash bonus program as set forth in Exhibit B.

  • PERFORMANCE OBJECTIVES 4.1 The Performance Plan (Annexure A) sets out- 4.1.1 the performance objectives and targets that must be met by the Employee; and 4.1.2 the time frames within which those performance objectives and targets must be met. 4.2 The performance objectives and targets reflected in Annexure A are set by the Employer in consultation with the Employee and based on the Integrated Development Plan, Service Delivery and Budget Implementation Plan (SDBIP) and the Budget of the Employer, and shall include key objectives; key performance indicators; target dates and weightings. 4.2.1 The key objectives describe the main tasks that need to be done. 4.2.2 The key performance indicators provide the details of the evidence that must be provided to show that a key objective has been achieved. 4.2.3 The target dates describe the timeframe in which the work must be achieved. 4.2.4 The weightings show the relative importance of the key objectives to each other. 4.3 The Employee’s performance will, in addition, be measured in terms of contributions to the goals and strategies set out in the Employer’s Integrated Development Plan.

  • Performance Measure Grantee will adhere to the performance measures requirements documented in

  • Performance Award You are hereby awarded, on the Grant Date, a Performance Award with a target value of [AMOUNT].