A performance-based contract is an agreement between two parties which defines the goals and objectives to be achieved, and the actions and activities necessary to achieve those goals. This type of contract focuses on the results or outcomes of the activities, rather than on the activities themselves. The contract states that the outcome is the measure of success and the contract will be evaluated on that basis. The contract also specifies the resources, responsibilities, and expectations of each party involved. For example, a contractor may agree to deliver certain services within a certain period of time, and the client may agree to pay the contractor upon completion of the services. In this case, the contract will be evaluated based on the performance of the services delivered, rather than on any other factor. Performance-based contracts are also known as performance-based agreements, performance-based contracts, and performance-based management agreements. They are typically used to evaluate and assess the performance of a project, program, or service. Performance-based contracts can also be