FAR 37.601
General.
(a) Solicitations may use either a performance work statement or a statement of objectives (see 37.602 ). (b) Performance-based contracts for services shall include- (1) A performance work statement (PWS); (2) Measurable performance standards ( i.e., in terms of quality, timeliness, quantity, etc.) and the method of assessing contractor performance against performance standards; and (3) Performance incentives where appropriate. When used, the performance incentives shall correspond to the performance standards set forth in the contract (see 16.402-2 ).
Source: acquisition.gov — FAR
More parts
Have a solicitation to win?
Paste it into the free Contrax bid scorer — get an AI win-probability score with the FAR clauses that matter, in seconds. No signup required.