Common use of PERFORMANCE EVALUATION PROGRAM Clause in Contracts

PERFORMANCE EVALUATION PROGRAM. (a) Company has established a performance evaluation program to (1) assist Seller in improving performance and (2) aid in the source selection process relative to future work. The program applies to this Agreement. (b) Ratings are used by Company to recognize outstanding performance, as well as to identify areas of deficient performance in order that corrective actions can be taken to ▇▇▇▇▇▇ continuous improvement. Key areas to be evaluated and their order of importance are: (1) Safety and Health; (2) Field Operations and Execution; (3) Quality; (4) Project Control; (5)