Common use of Performance Payments Clause in Contracts

Performance Payments. Detailed procedures for performance based payments will be mutually developed and agreed to between the Contractor and the Administrative Contracting Officer. That agreement will be documented by a Contractor Performance Billing Procedure and will, as a minimum, define a procedure that identifies performance payment billings to the Contract ACRN level by each vehicle invoiced.

Performance Payments. B.3.2.1 Detailed procedures for performance based payments will be mutually developed and agreed to between the Contractor and the Administrative Contracting Officer. That agreement will be documented by a Contractor Performance Billing Procedure and will, as a minimum, define a procedure that identifies performance payment billings to the Contract ACRN level by each vehicle invoiced.