Teckal definition
Examples of Teckal in a sentence
Teckal only New Council policies Costed and additional charges made by the company.
The key risks identified are:- Fuel costs Pension costs Policy requirements imposed on the company by the Council through its shareholder representatives Pay costs Utilities Repairs and Maintenance Some of these risks are associated only with the Teckal company and the services contract with the council.
The review will cover but will not be restricted to:- The services required by the council The cost of those services charged by the company The services required by the company The costs of those services Review of risk sharing agreement Review of dividend distribution Fuel Teckal company manages in year risk up to 5%, up and downward movement in price.
In the event of a conflict between the provisions of this Section 7.12, on the one hand, and the provisions of Section 10.5, on the other, the provisions of this Section 7.12 shall control.
The key risks identified are:- Fuel costs Pension costs Policy requirements imposed on the company by the Council through its shareholder representatives Pay costs Utilities Repairs and Maintenance Some of these risks are associated only with the Teckal company and the services contract with the council.
It is considered likely that all public:public options can be structured to be covered by Teckal exemption, so expansion does not require tendering (but risk of challenge is still there as identified in 5 above).
The Teckal exemption applies when a contracting authority still exercise control over the company that is similar to the control it has over its own departments, and the company provides the essential part of its work for the contracting authority.
As a company controlled by the administering authorities, there would be no requirement to run a procurement process before entering a contract to provide the investment and administration services, under an exemption often referred to as the Teckal exemption.
It is likely that all the public/public options can be structured to be covered by the Teckal exemption, so transfer should not require tendering.
The Council shall monitor the Teckal compliance of the Trust with the conditions in the relevant public procurement rules.