Common use of Performance Funding Framework Clause in Contracts

Performance Funding Framework. Higher education Performance Funding will provide incentives for higher education institutions to improve overall performance in accordance with their own strategies and with their place in the overall system. Performance Funding will be allocated based on performance against agreed targets and indicators of success proposed by the institution across a range of outcome domains. The targets and indicators of success must be agreed in strategic dialogue with the HEA. The intention is both to improve the performance of the institution in key areas and to steer the institution closer to its agreed mission and profile and to its position in the overall higher education system. The degree of challenge and of realism inherent in the targets proposed will be evaluated and discussed in strategic dialogue. The Higher Education Authority and the University of Limerick agree to review annually the effectiveness of implementation of the strategies and goals for achieving the agreed national and institution outcomes. As a condition of Performance Funding, in accordance with this agreement, the University of Limerick must:  Agree performance targets as outlined in section 5 below  Supply performance data to the Higher Education Authority for the relevant indicators  Achieve the relevant targets agreed. The assessment of progress against the agreed indicators of success and the allocation of Performance Funding against them will be notified annually to the University of Limerick.

Performance Funding Framework. Higher education Performance Funding will provide incentives for higher education institutions to improve overall performance in accordance with their own strategies and with their place in the overall system. Performance Funding will be allocated based on performance against agreed targets and indicators of success proposed by the institution across a range of outcome domains. The targets and indicators of success must be agreed in strategic dialogue with the HEA. The intention is both to improve the performance of the institution in key areas and to steer the institution closer to its agreed mission and profile and to its position in the overall higher education system. The degree of challenge and of realism inherent in the targets proposed will be evaluated and discussed in strategic dialogue. The Higher Education Authority and the University National College of Limerick Art and Design agree to review annually the effectiveness of implementation of the strategies and goals for achieving the agreed national and institution outcomes. As a condition of Performance Funding, in accordance with this agreement, the University National College of Limerick Art and Design must:  Agree performance targets as outlined in section 5 below  Supply performance data to the Higher Education Authority for the relevant indicators  Achieve the relevant targets agreed. The assessment of progress against the agreed indicators of success and the allocation of Performance Funding against them will be notified annually to the University National College of LimerickArt and Design.