Financial Transparency Objectives definition
Financial Transparency Objectives has the meaning given in Schedule 7.5 (Financial Reports and Audit Rights);
Financial Transparency Objectives has the meaning given in Paragraph 1 of Part A of Schedule 4 (Financial Reports and Model).
Financial Transparency Objectives means: (a) the Buyer having a clear analysis of the Costs, Overhead recoveries (where relevant), time spent by Supplier Staff in providing the Services and the Supplier Profit Margin so that it can understand any payment sought by the Supplier; (b) the Parties being able to understand Cost forecasts and to have confidence that these are based on justifiable numbers and appropriate forecasting techniques; (c) the Parties being able to understand the quantitative impact of any Variations that affect ongoing Costs and identifying how these could be mitigated and/or reflected in the Charges; (d) the Parties being able to review, address issues with and re-forecast progress in relation to the provision of the Services; (e) the Parties challenging each other with ideas for efficiency and improvements; and (f) enabling the Buyer to demonstrate that it is achieving value for money for the tax payer relative to current market prices;
Examples of Financial Transparency Objectives in a sentence
The Financial Transparency Objectives do not apply to this Contract.
Monthly invoice The Financial Transparency Objectives do not apply to this Call-Off Contract.
More Definitions of Financial Transparency Objectives
Financial Transparency Objectives has the meaning given in Paragraph 1 of Part A;
Financial Transparency Objectives. (a) the Buyer having a clear analysis of the Costs, Overhead recoveries (where relevant), time spent by Supplier Staff in providing the Services and Supplier Profit Margin so that it can understand any payment sought by the Supplier; (b) the Parties being able to understand Costs forecasts and to have confidence that these are based on justifiable numbers and appropriate forecasting techniques; (c) the Parties being able to understand the quantitative impact of any Variations that affect ongoing Costs and identifying how these could be mitigated and/or reflected in the Charges; (d) the Parties being able to review, address issues with and re- forecast progress in relation to the provision of the Services; (e) the Parties challenging each other with ideas for efficiency and improvements; and (f) enabling the Buyer to demonstrate that it is achieving value for money for the taxpayer relative to current market prices;
Financial Transparency Objectives has the meaning given in has the meaning given in Paragraph 1 of Part A of Schedule 4.4 (Financial Reports and Audit Rights) of the Call-Off Terms; "FOIA" means the Freedom of Information Act 2000 and any subordinate legislation made under that Act from time to time, together with any guidance and/or codes of practice issued by the Information Commissioner or any relevant Central Government Body in relation to such Act; "Force Majeure Event" means any event outside the reasonable control of either Party affecting its performance of its obligations under the Framework Agreement or a Call-Off Agreement arising from acts, events, omissions, happenings or non-happenings beyond its reasonable control and which are not attributable to any wilful act, neglect or failure to take reasonable preventative action by that Party, including acts of God, riots, war or armed conflict, acts of terrorism, acts of government, local government or regulatory bodies, fire, flood, storm or earthquake, or disaster but excluding:
Financial Transparency Objectives has the meaning given in Clause Z45.2 (Financial Transparency); and
Financial Transparency Objectives. (a) the Buyer having a clear analysis of the Costs, Overhead recoveries (where relevant), time spent by Supplier Staff in providing the Services and Supplier Profit Margin so that it can understand any payment sought by the Supplier; (b) the Parties being able to understand Costs forecasts and to have confidence that these are based on justifiable numbers and appropriate forecasting techniques; (c) the Parties being able to understand the quantitative impact of any Variations that affect ongoing Costs and identifying how these could be mitigated and/or reflected in the Charges; (d) the Parties being able to review, address issues with and re- forecast progress in relation to the provision of the Services; (e) the Parties challenging each other with ideas for efficiency and improvements; and (f) enabling the Buyer to demonstrate that it is achieving value for money for the taxpayer relative to current market prices; Framework Ref:RM6187 Model Version: v 3.2 43
Financial Transparency Objectives has the meaning given in Schedule 3 (Pricing and Financial) Paragraph 1 of Part A;
Financial Transparency Objectives means: (a) the Buyer having a clear analysis of the Costs, Overhead re- coveries (where relevant), time spent by Supplier Staff in providing the Services and the Supplier Profit Margin so that it can understand any payment sought by the Supplier; (b) the Parties being able to understand Cost forecasts and to have confidence that these are based on justifiable numbers and appropriate forecasting techniques; (c) the Parties being able to understand the quantitative impact of any Variations that affect ongoing Costs and identifying how these could be mitigated and/or reflected in the Charges; (d) the Parties being able to review, address issues with and re-forecast progress in relation to the provision of the Ser- vices; (e) the Parties challenging each other with ideas for efficiency and improvements; and (f) enabling the Buyer to demonstrate that it is achieving value for money for the tax payer relative to current market prices;