COST OF DOING BUSINESS. PARTICIPANT shall be responsible for all costs, risks, liabilities, and damages arising from the operation of its business including those incurred or arising in connection with the use of any products and/or services, including the MLS CONTENT, provided under the Agreement. RECOLORADO shall not be held liable for any damages resulting from use, abuse, misuse of such products and/or service by anyone.
COST OF DOING BUSINESS. The TPA shall be solely responsible for all applicable taxes, insurance, licensing, and other costs of doing business. Should TPA default in these or other responsibilities, jeopardizing TPA’s ability to perform services effectively, this Contract may be terminated for default at the Board’s sole discretion.
COST OF DOING BUSINESS. This is a valid concern, but it is not clear whether the Electricity Authority’s proposed approach will achieve a reduction in the costs of doing business for either retailers or distributors. The main reasons are that: • The draft DDA covers Distribution Services (Introduction). Retailers and distributors will be required to negotiate additional agreements for non-distribution services. This introduces a number of costs and risks, which ultimately are passed onto customers. • The consultation paper states that its proposal does not affect additional services (i.e. non-distribution services); additional services can still be agreed between traders and distributors and existing agreements for additional services are not affected.3 It is not clear what the Electricity Authority means by its statement given that the intention is for the DDA to replace negotiated agreements. The exclusion of all services other than Distribution Services from the agreement between traders and distributors is a radically different approach to the one that has developed under the current arrangements. Under the current arrangements traders and distributors can voluntarily include other services providing a comprehensive application of services and obligations tailored to the requirements of the individual businesses and operational functionality. There is a risk that multiple contracts may be disjointed and more difficult for both traders and distributors to manage multiple operational requirements. Examples include arrangements with embedded generators. We understand from distributors that around 15 services are excluded from the draft DDA. Parties will require different contracts for other services. Reducing the scope of the contracts will result in duplication of effort and higher costs for contracting parties. Other distributors such as Vector, which is owned by the Auckland Energy Consumer Trust, includes in its negotiated agreement a requirement for retailers to provide information services for it to maintain an accurate register of beneficiaries, to meet its obligations under the trust deed.
COST OF DOING BUSINESS the comprehensive process requires the identification of the “cost of doing business” for identified City Recreation Department services. The analysis includes the application of PASS™, a patent-pending financial management and planning application which identifies the real cost of doing business for each individual service (direct and indirect costs). This unique application works with existing budgeting and parks and recreation software programs (i.e., CLASS, Rec Trac) to provide an automated, sophisticated and fool-proof cost accounting effort leading to identifying accurate cost recovery and subsidy levels, fees and charges, and other financial data.
