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813.1 Incentive Disincentive.(REV 72704) (FA 72804) (105)The Department desires to expedite construction on this Contract to minimize the inconvenience to the traveling public and to reduce the time
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How to fill out use of incentivedisincentive contracting

01
Define the desired outcomes and objectives of the project.
02
Identify key performance indicators (KPIs) that will measure the success of the project.
03
Determine the incentives and disincentives that will drive performance towards achieving the desired outcomes.
04
Clearly communicate the incentive and disincentive structure to all parties involved.
05
Monitor progress towards the KPIs and adjust incentives or disincentives as needed to keep performance on track.
06
Evaluate the effectiveness of the incentivedisincentive contracting strategy and make improvements for future projects.

Who needs use of incentivedisincentive contracting?

01
Organizations looking to align the interests of contractors with project goals and outcomes.
02
Companies seeking to encourage high performance and quality results from their contractors.
03
Projects with complex objectives and deliverables that require a structured approach to incentivizing performance.

What is Use of Incentive/Disincentive Contracting to Mitigate Work- ... Form?

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Incentive/disincentive contracting is used to motivate contractors to achieve specific performance outcomes within a project.
Contracting parties involved in the project are required to file use of incentive/disincentive contracting.
To fill out use of incentive/disincentive contracting, parties must outline the performance outcomes, incentives, disincentives, and reporting requirements.
The purpose of use of incentive/disincentive contracting is to ensure project goals are met within a specified timeframe and budget.
Information such as project milestones, performance measures, incentives, disincentives, and progress reports must be reported on use of incentivedisincentive contracting.
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