Understanding Past Performance [Contract]: A Legal Perspective
Definition & Meaning
Past performance refers to an offeror's or contractor's track record on contracts that are currently active or have been physically completed. This evaluation is crucial in determining the reliability and capability of a contractor in fulfilling future obligations.
Legal Use & context
Past performance is commonly used in government contracting and procurement processes. It helps agencies assess the quality of work a contractor has delivered in the past, which can influence decisions on award contracts. This term is relevant in various legal areas, particularly in administrative law and contract law. Users can manage related forms and procedures through platforms like US Legal Forms, which provide templates drafted by legal professionals.
Real-world examples
Here are a couple of examples of abatement:
For instance, if a construction company has successfully completed several government projects on time and within budget, this positive past performance may enhance their chances of winning future contracts. Conversely, a contractor with a history of delays and disputes may face challenges in securing new contracts.