TVETipedia Glossary

Performance-based contracts

Integration of performance-based elements in funding formulas to improve quality and access to training, including output and outcome monitoring and competitive bidding. Providers can boost access by vulnerable groups of all ages and create a better response to skills needs.

Source:
ILO, Financing mechanisms for promoting social inclusion in skills and lifelong learning systems: Global overview of current practices and policy options, 2023
ILO, Financing mechanisms for promoting social inclusion in skills and lifelong learning systems: Global overview of current practices and policy options, 2023
Access resource, available in English
The report analyses pros and cons of practices around the world, shedding light on the policy options to improve access to and participation in skills development and lifelong learning of disadvantaged people.