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What does “performance-based” mean?

April 26, 2017mean performance-based

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What does “performance-based” mean?

1 Answer

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When an IWT grant award is made it is for a specific negotiated amount of funds for the completion of specific training components. If the company does not complete those training components by the end of the contract period, their final reimbursement will be pro-rated to bring their total reimbursement for the project inline with the actual training components completed.