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Definition: Performance reporting provides management with information about how effectively the seller is achieving the contractual objectives. Contract performance reporting should be integrated with the integrated project performance reporting.

Acceptance Level:  Generally accepted

Alternative or Related Terms: Contract administration, integrated project performance reporting

Application Areas/Intended Uses: Performance reporting is a tool or technique in contract administration.

Chief Advantages: Contract performance reporting contributes to the overall information flow surrounding performance on the project and supports sound decisions regarding vendor relations or needed changes to the contract.