Common use of Relationship to other incentives Clause in Contracts

Relationship to other incentives. Only those benefits of an accepted VECP not rewardable under performance, design-to-cost (production unit cost, operating and support costs, reliability and maintainability), or similar incentives shall be rewarded under this clause. However, the targets of such incentives affected by the VECP shall not be adjusted because of VECP acceptance. If this contract specifies targets but provides no incentive to surpass them, the value engineering sharing shall apply only to the amount of achievement better than target.

Appears in 5 contracts

Samples: Contract, Contract, Contract

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Relationship to other incentives. Only those benefits of an accepted VECP not rewardable under performance, design-to-to- cost (production unit cost, operating and support costs, reliability and maintainability), or similar incentives shall be rewarded under this clause. However, the targets of such incentives affected by the VECP shall not be adjusted because of VECP acceptance. If this contract specifies targets but provides no incentive to surpass them, the value engineering sharing shall apply only to the amount of achievement better than target.

Appears in 2 contracts

Samples: Additional Standard Terms and Conditions for Purchase Orders, Additional Standard Terms and Conditions for Purchase Orders

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