Benchmarked Rates definition

Benchmarked Rates means the Services that the Supplier elects to include in a Benchmarking Review, based on forecast frequency of use;

Benchmarked Rates means the Framework Prices for the Benchmarked Goods and/or Services

Benchmarked Rates means the Framework Prices for the Benchmarked Services;

Examples of Benchmarked Rates in a sentence

• Those findings shall be required to: (a) include a finding as to whether or not a Benchmarked Rate and/or whether the Benchmarked Rates as a whole are, Good Value in respect of:Framework Price, (b)Rate per head/seat or per impression.

• The purpose of a Benchmark Review will be to establish whether the Benchmarked Rates are, individually and/or as a whole, Good Value.

• The rates that are to be the Benchmarked Rates will be identified by the Authority in writing.

• Those findings shall be required to: 60.3.1.1 include a finding as to whether or not a Benchmarked Rate and/or whether the Benchmarked Rates as a whole are, Good Value in respect of (a)the commercial agreements for air (Lot 1) and accommodation (Lot 2),and; (b)day to day booking by Contracting Bodies in the relevant period.

• The Service Provider shall ensure Automatic Rate Benchmarking includes the identification of when savings (associated with Benchmarked Rates) should be accepted/declined, and alert the Contracting Authorities Authorised User on individual assignments, at point of selection.

More Definitions of Benchmarked Rates

Benchmarked Rates means the Panel Prices for the Benchmarked Panel Services

Benchmarked Rates means those elements of the Charging Structure that are to be subject to a Benchmark Review;

Benchmarked Rates means the air routes and accommodation locations that the Authority elects to include in a Benchmark Review, based on forecast frequency of use;

Benchmarked Rates means the Framework Prices and / or Charges for the Benchmarked Services

Benchmarked Rates means a review of the Goods and Services carried out in accordance with paragraphs 2.1 to 2.3 of Framework Schedule 7 (Value for Money) to determine whether those Goods and Services represent Good Value; means the rates for Goods and Services that the Supplier elects to include in a Benchmarking Review, based on forecast frequency of use;

Benchmarked Rates means the Framework Prices for the Benchmarked Services"Benchmark Review"means a review of the Services carried out in accordance with this Framework Schedule 12 to determine whether those Services represent Good Value"Benchmarked Services"means any Services included within the scope of a Benchmark Review pursuant to this Framework Schedule 12"Comparable Rates"means rates payable by the Comparison Group for Comparable Services that can be fairly compared with the Framework Prices"Comparable Supply"means the supply of Services to another customer of the Supplier that are the same or similar to the Services"Comparable Services"means Services that are identical or materially similar to the Benchmarked Services (including in terms of scope, specification, volume and quality of performance) provided that if no identical or materially similar Services exist in the market, the Supplier shall propose an approach for developing a comparable Services benchmark"Comparison Group"means a sample group of organisations providing Comparable Services which consists of organisations which are either of similar size to the Supplier or which are similarly structured in terms of their business and their service offering so as to be fair comparators with the Supplier or which, are best practice organisations"Equivalent Data"means data derived from an analysis of the Comparable Rates and/or the Comparable Services (as applicable) provided by the Comparison Group"Good Value"means that the Benchmarked Rates are within the Upper Quartile"Upper Quartile"means, in respect of Benchmarked Rates, that based on an analysis of Equivalent Data, the Benchmarked Rates, as compared to the range of prices for Comparable Services, are within the top 25% in terms of best value for money for the recipients ofComparable Services2. BACKGROUND The Supplier acknowledges that the Authority wishes to ensure that the Services, represent value for money to the taxpayer throughout the Framework Period.This Framework Schedule 12 (Continuous Improvement and Benchmarking) sets out the following processes to ensure this Framework Agreement represents value for money throughout the Framework Period and subsequently while any Call Off Agreements remain in force:2.1.1 Benchmarking;2.1.2 Continuous Improvement;3. BENCHMARKING

Benchmarked Rates means the Support Rates and the Other Charges for the Benchmarked Goods and/or Services