Common Contracts
1 similar Performance Agreements contracts
Performance contractsPerformance Agreements • January 24th, 2014
• performance contracts typically are not legally enforceable documents. Instead, they are more often non-binding regulatory agreements negotiated between governments or buffer bodies and tertiary education institutions which can take a number of forms. The agreements may be with entire systems of institutions or individual institutions. All or a portion of funding may be based on whether institutions meet the requirements in the contracts. The agreements can be prospectively funded or reviewed and acted upon retrospectively. In some instances, such contracts can be viewed as a punitive instrument rather than as incentives, as failure to meet goals may result in reduced funding. (p. 17).
