performance contract Meaning in the Cambridge English Dictionary

Meaning of “performance contract” in the English Dictionary

"performance contract" in Business English

See all translations

performance contractnoun [C]

uk   us  
HR, LAW a ​legalagreement in which one ​organizationagrees to ​pay another when they successfully ​finish the ​project or ​task they were ​employed to do: The street ​lightingservice is ​delivered through a ​performancecontract.
performance contracting
noun [U]
Since the ​performancecontractingprocess has been in ​operation, there is a ​clearevidence of ​improvement in ​delivery of ​services.
(Definition of performance contract from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of performance contract?
Add Cambridge dictionaries to your browser to your website

“performance contract” in Business English

Word of the Day

be nothing short of

used to emphasize a situation, quality, or type of behaviour

Word of the Day

There is no such thing as a true synonym in English. Discuss!
There is no such thing as a true synonym in English. Discuss!
by Kate Woodford,
November 25, 2015
In the Cambridge Advanced Learner’s Dictionary the word ‘synonym’ is defined as ‘a word or phrase that has the same or nearly the same meaning as another word or phrase in the same language’. As you might expect, definitions for this word are broadly similar in other dictionaries and yet the italicized

Read More 

climatarian adjective
climatarian adjective
November 23, 2015
choosing to eat a diet that has minimal impact on the climate, i.e. one that excludes food transported a long way or meat whose production gives rise to CO2 emissions Climate change is not normally on people’s minds when they choose what to have for lunch, but a new diet is calling for

Read More