Examples of Annual Contract Value in a sentence
The contractor shall deposit a sum of 5% of accepted Annual Contract Value as Security Deposit (SD) with the Bank for due fulfilment and performance of the contract.
In the case of the occurrence of Events of Default as mentioned in Clause 9.5a ,9.5 b WBMDTCL shall take reasoned decision to seek Liquidated Damages calculated at 1% of the Annual Contract Value for per week delay subject to a maximum of 10% of the Annual Contract Value of Reserve.
In the case of the occurrence of Events of Default as mentioned in Clause 9.5a ,9.5 b WBMDTCL shall seek Liquidated Damages calculated at 1% of the Annual Contract Value for per week delay subject to a maximum of 10% of the Annual Contract Value of Reserve.
Where a reasonable estimate of the expected impact of a change can be made in advance, the parties should make a provisional neutralising adjustment, at the start of the Contract Year, to the Expected Annual Contract Value.
But where the commissioner questions a historically-established, systematically-adopted recording approach by a provider, use of which has informed the Expected Annual Contract Value agreed by both parties, then the correct approach will be for this to be handled as a locally-proposed counting and coding change under SC28, rather than as an issue to be handled in-year under SC36 or GC15.