Good Value definition
Good Value means that the Benchmarked Rates are within the Upper Quartile
Good Value means that:
Good Value means that: (i) the Charges attributable to a benchmarked Goods and Services are, having taken into account the Service Levels, less than or equal to the Average Price; and (ii) any Service Levels attributable to benchmarked Goods and Services are, having taken into account the Charges, equal to or greater than the mean average Service Levels for Comparable Goods and Services and rates as adjusted using Equivalent Rates Data;
Examples of Good Value in a sentence
The purpose of a Benchmark Review will be to establish whether the Benchmarked Services are, individually and/or as a whole, Good Value.
More Definitions of Good Value
Good Value means in relation to Benchmarked Services, that the Charges attributable to such Benchmarked Services are less than or equal to the Average Price for Comparable Services using Equivalent Services Data;
Good Value means that the benchmarked rates are within the upper quartile;
Good Value in relation to a Benchmarked Service, that: having taken into account the Performance Indicators and Target Service Levels, the value for money of the Charges attributable to that Benchmarked Service is at least as good as the value for money of the Upper Quartile; and any Performance Indicators and Target Service Levels applicable to that Benchmarked Service are, having taken into account the Charges, equal to or better than the median service levels for the Comparable Service using Equivalent Services Data; and
Good Value means the Charges attributable to a Benchmarked Service, or to Benchmarked Services as a whole, are less than or equal to the Weighted Average Price;
Good Value means that the air ticket prices or accommodation rates achieved, having taken into account the factors in paragraph 7.2.7, are significantly less than the Average Price;
Good Value means that (as applicable): the Charges attributable to a Benchmarked Service are, having taken into account the Performance Measures, less than or equal to the Average Price; or any Performance Measures attributable to Benchmarked Services are, having taken into account the Charges, equal to or greater than the median performance measures for the Comparable Services (as adjusted using the Equivalent Services Data); "Guidance" means any non-binding requirement, rule, code, code of practice, circular, policy, order, demand, decision, determination, direction, guidance, consent or notice issued by any Regulatory Body or other competent authority from time to time with which a Supplier operating in the same industry as the Supplier and working in accordance with Good Industry Practice would be expected to comply;
Good Value means that: the Contract Charges attributable to a Benchmarked Service are, having taken into account the Service Levels, within the Upper Quartile; and any Service Levels attributable to Benchmarked Services are, having taken into account the Contract Charges, equal to or greater than the mean average service levels for Comparable Services as adjusted using Equivalent Services Data;