Examples of Benchmarked Services in a sentence
The Services that are to be the Benchmarked Services will be identified by the Authority in writing.
The purpose of a Benchmark Review will be to establish whether the Benchmarked Services are, individually and/or as a whole, Good Value.
If the Benchmark determines that the charges are in the aggregate higher than the Benchmark Level for such Services Area and the difference between the Benchmark Level and the charges for the Benchmarked Services Area is in the aggregate equal to or less than the established 10% dead band, then there will be no adjustment to such charges.
If the Contractor is unwilling to bring the charges for the Benchmarked Services Area within the established 10% dead band as described above, then the State may exercise its right to terminate for convenience the affected Benchmarked Services Area, but the State will be obligated to pay the Contractor’s actual Wind-Down Expenses and unamortized investments in lieu of the Termination Charges.
In such cases the RTMC will confirm in writing when those recommendations are made/completed, or otherwise the investigation will reopen.