Overview of NOP compensation Sample Clauses

Overview of NOP compensation. (a) The compensation to each NOP for carrying out the Alliance Works will comprise three ‘limbs’ as summarised in Table 1 below: Limb 1 Reimbursable Costs Reimbursement of actual direct costs and Project-specific overheads incurred in performing the Alliance Works (including mistakes, rework and wasted effort) determined in accordance with Sections 8 and 9 Limb 2 The Fee A fee to cover profit and a contribution towards NOPs’ non- Project-specific overheads, determined in accordance with Sections S5.10 to S5.12 Limb 3 Gainshare/Painshare Payment of Gainshare by the Owner to the NOPs, or payment of Painshare by the NOPs to the Owner as the case may be, depending on how actual outcomes compare with pre-agreed targets in cost and non-cost performance areas, determined in accordance with Section S5.13 to S5.18
Sample 1
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Related to Overview of NOP compensation

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  • Complaints and Compensation If you have a complaint of any kind, please be sure to let us know. We will do our utmost to resolve the issue. You can put your complaint in writing to us at: Complaint Resolution Team, Equiniti Financial Services Limited, Aspect House, Xxxxxxx Road, Lancing, West Sussex, BN99 6DA United Kingdom or email us at: xxxxxxxx@xxxxxxxx.xxx or call us using the contact details in Section 1. If we cannot resolve the issue between us, you may – so long as you are eligible – ask the independent Financial Ombudsman Service to review your complaint. A leaflet with more details about our complaints procedure is available – you are welcome to ask us to supply you with a copy at any time. We are a member of the Financial Services Compensation Scheme, set up under the Financial Services and Markets Act 2000. If we cannot meet our obligations, you may be entitled to compensation from the Scheme. This will depend on the type of agreement you have with us and the circumstances of the claim. For example, the Scheme covers corporate sponsored nominees, individual savings accounts and share dealing. Most types of claims for FCA regulated business are covered for 100% of the first £50,000 per person. This limit is applicable to all assets with Equiniti FS. For more details about the Financial Services Compensation Scheme, you can call their helpline: 0800 678 1100 or +00 000 000 0000 or go to their website at: xxx.xxxx.xxx.xx or write to them at: Financial Services Compensation Scheme 10th Floor, Beaufort House, 00 Xx Xxxxxxx Xxxxxx, Xxxxxx XX0X 0XX Xxxxxx Xxxxxxx Alternative Formats

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