Examples of Successful Delivery in a sentence
This will set out whether the Project has been awarded any Second Tier Successful Delivery Reward and, if so, its value.
The Successful Delivery Reward Criteria against which the Projects will be judged are set out in the Project Directions.
If, following resubmission, Ofgem still considers that there is insufficient information to evaluate the application then the request for Second Tier Successful Delivery Reward will be rejected.
The Network Licensee can apply to Ofgem to receive a NIC Successful Delivery Reward for a NIC Project once its Close Down Report for that Project has been peer reviewed and published as described in paragraphs 8.38 – 8.40 above.
If a Funding Licensee applies to Ofgem for Contingency Funding for a cost overrun, it will not be eligible to receive the NIC Successful Delivery Reward for that Project.
Each Funding Direction will include any NIC Funding plus any Successful Delivery Reward and less any Funding Return.
A NIC Project that puts in a request to recover cost overruns will not be eligible to receive a NIC Successful Delivery Reward.
No Second Tier Project that puts in a request to recover cost overruns will be eligible to receive a Second Tier Successful Delivery Reward.
The NIC Successful Delivery Reward is designed to reward those Projects that are well managed and completed at least to the standard that could be expected given the information provided in the Full Submission.
The maximum level of the Successful Delivery Reward is set out in the Project Direction and cannot exceed the level of the Network Licensee’s Compulsory Contribution.