Common use of Deliverables and Financial Consequences Clause in Contracts

Deliverables and Financial Consequences. No. Deliverable Time Frame Financial Consequences 3 The Contractor shall provide Solution access and all services in the Final Implementation Plan in accordance with this PO and any applicable ATC. The Contractor shall provide Solution access and complete all requirements established in the Final Implementation Plan timely and accurately. Financial consequences shall be assessed in the amount of $100 per calendar day, beginning on the first calendar day after any due date specified in the Final Implementation Plan, until the requirement is accurately completed. Financial consequences shall be assessed in the amount of $200 per requirement for each instance services are not performed, or documentation is not received, in accordance with this RFQ and the Implementation Plan. 4 The Contractor shall ensure the Solution is available in accordance with this PO and any applicable ATC. The Solution must be available 99.999% of the time per month in accordance with the FL[DS]-approved SLA and. Compliance is calculated on a monthly basis for each Customer. Financial Consequences shall be assessed against the Contractor in the amount of $100 for each negative deviation from the thousandth decimal point. For example, a Customer’s monthly uptime of 99.997% will result in a financial consequence of $200, unless the Department accepts different financial consequence in the Contractor’s Quote. 5 The Contractor shall ensure the Solution performs in accordance with the FL[DS]- approved SLA. The Solution must perform in accordance with the FL[DS]-approved SLA. Financial consequences shall be assessed in the amount of $100 per calendar day, beginning on the first calendar day after any due date specified in the FL[DS]- approved SLA, until the requirement is accurately completed, unless the Department accepts different financial consequence in the Contractor’s Quote.

Appears in 4 contracts

Samples: Agency Term Contract, Agency Term Contract, Confidentiality and Non Disclosure Agreement

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