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What are performance measures and non-performance penalties?

April 26, 2017measures non-performance penalties PERFORMANCE

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What are performance measures and non-performance penalties?

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In order to measure the effectiveness of government programs, many government agencies require grantees and contract holders to report on specific performance measures related to their activities. Non-performance penalties are fines incurred by service providers when they breach service levels, fail to perform as agreed to, or fail to perform the services on time. The offset regulation requires U.S. firms to report offset agreement performance measures and non-performance penalties to better understand the trends in offset activities in defense trade.