Federal Acquisition Regulation
General
FAR 37.601
(a) Solicitations may use either a performance work statement or a statement of objectives (see Performance work statement (FAR 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 ).
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