Penalties for Non-compliance to Service Level Agreement. Where the Supplier fails to deliver the Goods/Services within the agreed and accepted milestone timelines and provided that the cause of the delay was not due to a fault of Transnet, penalties shall be imposed at a penalty fee of 1% [one percent] per day on the outstanding (i.e. undelivered) value of the issued Purchase Order is applicable to late delivery up to a maximum of seven (7) days per Purchase Order. The penalty fee shall be set off against the Supplier’s submitted month-end statement.
Appears in 4 contracts
Sources: Master Agreement, Master Agreement, Master Agreement
Penalties for Non-compliance to Service Level Agreement. Where the Supplier fails to deliver the Goods/Services Goods within the agreed and accepted milestone timelines and provided that the cause of the delay was not due to a fault of Transnet, penalties shall be imposed at a penalty fee of 1% [one percent] point five (1,5%) percent per day on of the outstanding (i.e. undelivered) total value of the issued Purchase Order order is applicable to for late delivery up to a maximum minimum of seven (7) days per Purchase Orderworking days. The penalty fee shall be set off against the Supplier’s submitted month-end statement.
Appears in 1 contract
Sources: Master Agreement
Penalties for Non-compliance to Service Level Agreement. Where the Supplier Supplier/Service Provider fails to deliver the Goods/Services within the agreed and accepted milestone timelines and provided that the cause of the delay was not due to a fault of Transnet, penalties shall be imposed at a at: A penalty fee of one percent [1% [one percent%] per day on the total outstanding (i.e. undelivered) value of the issued Purchase Order is applicable to for late delivery up to a maximum of seven ten (710%) days per percent. Transnet reserves the right to cancel late Purchase OrderOrders that have reached the ten (10%) percent penalty cap. The penalty fee shall be set off against the Supplier’s submitted month-end statement. .
Appears in 1 contract
Sources: Master Agreement
Penalties for Non-compliance to Service Level Agreement. Where the Supplier fails to deliver the Goods/Services within Goodswithin the agreed and accepted milestone timelines and provided that the cause of the delay was not due to a fault of Transnet, penalties shall be imposed at a penalty fee of 12% [one percent] per day on the outstanding (i.e. undelivered) value of the issued Purchase Order is applicable to late delivery up to a maximum of seven (7) days per Purchase Order. The penalty fee shall be set off against the Supplier’s submitted month-end statement.
Appears in 1 contract
Sources: Master Agreement
Penalties for Non-compliance to Service Level Agreement. Where the Supplier Supplier/Service Provider fails to deliver the Goods/Services within the agreed and accepted milestone timelines and provided that the cause of the delay was not due to a fault of Transnet, penalties shall be imposed at a penalty fee of 1% [one percent] %( percent ) per day on the outstanding (i.e. undelivered( i.e underlivered) value of the issued Purchase Order is applicable to late delivery up to a maximum of seven (7) days per Purchase Order. The penalty Penalty fee shall be set st off against againt the Supplier’s submitted month-end month end- statement.
Appears in 1 contract
Sources: Master Agreement