PERFORMANCE INCENTIVE RATINGS Clause Samples

PERFORMANCE INCENTIVE RATINGS. Payment of fee is subject to the fee reduction terms of this contract, and fee determining official approval that the contractor has achieved the stated outcome for the specific performance incentive. The criteria listed in Table 3.1, Performance Ratings and Definitions, will be used in the evaluation of any subjective elements of the objective incentives as well as for the subjective incentive 5.0, Comprehensive Performance. Table 3.1, Performance Incentive Ratings and Definitions Adjectival Rating Definition Percentage of Fee Earned Excellent Contractor has exceeded almost all of the completion criteria in the subjective performance incentive, including overall cost, schedule, and technical performance requirements of the contract for this evaluation period. Contractor's work is highly professional. Contractor solves problems with very little, if any, Government involvement. Contractor is proactive and takes an aggressive approach in identifying problems and their resolution, including those identified in the risk management process, with a substantial emphasis on performing quality work in a safe manner within cost/schedule requirements. No significant re-work. 91% to 100% Very Good Contractor has exceeded many of the completion criteria in the subjective performance incentive, including overall cost, schedule, and technical performance requirements of the contract for this evaluation period. Contractor solves problems with minimal Government involvement. Contractor is usually proactive and demonstrates an aggressive approach in identifying problems and their resolution, including those identified in the risk management process, with an emphasis on performing quality work in a safe manner within cost/schedule requirements. Problems are usually self-identified and resolution is self-initiated. Some limited, low-impact rework within normal expectations. 76% to 90% Good Contractor has exceeded some of the completion criteria in the subjective performance incentive, including overall cost, schedule, and technical performance requirements of the contract for this evaluation period. Contractor is able to solve basic problems with adequate emphasis on performing quality work in a safe manner within cost/schedule objectives. The rating within this range will be determined by level of necessary Government involvement in problem resolution, including those problems identified in the risk management process, and extent to which the performance problem is self-iden...