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                            37.601 General.
        
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FAC Number: 2024-03 Effective Date: 02/23/2024
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Subpart37.037.137.237.337.437.537.6
Section37.60037.60137.60237.60337.604
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37.601 General.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).    **Parent topic:**  Subpart 37.6 - Performance-Based Acquisition
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