Good Value definition

Good Value means that the Benchmarked Rates are within the Upper Quartile;

Good Value means that:

Good Value means that: (i) the Charges attributable to a benchmarked Goods and Services are, having taken into account the Service Levels, less than or equal to the Average Price; and (ii) any Service Levels attributable to benchmarked Goods and Services are, having taken into account the Charges, equal to or greater than the mean average Service Levels for Comparable Goods and Services and rates as adjusted using Equivalent Rates Data;

Examples of Good Value in a sentence

• The purpose of a Benchmark Review will be to establish whether the Benchmarked Goods and/or Services are, individually and/or as a whole, Good Value.

• The purpose of a Benchmark Review will be to establish whether the Benchmarked Rates are, individually and/or as a whole, Good Value.

• The purpose of a Benchmark Review will be to establish whether the Benchmarked Services are, individually and/or as a whole, Good Value.

• Item O: Good Value for Cost shows no relationships due to its highly subjective nature.

• If any of the Benchmarked Rates are, individually or as a whole, not Good Value, specify the changes that would be required to make that Benchmarked Rate or the Benchmarked Rates as a whole Good Value; and include sufficient detail and transparency so that the Authority can interpret and understand how the Supplier has calculated whether or not the Benchmarked Rates are, individually or as a whole, Good Value.

More Definitions of Good Value

Good Value means in relation to Benchmarked Services, that the Charges attributable to such Benchmarked Services are less than or equal to the Average Price for Comparable Services using Equivalent Services Data;

Good Value means that the benchmarked rates are within the upper quartile;

Good Value means that: the benchmarked Charges are within the upper quartile of the charges for Comparable Services and Equipment; and the benchmarked Service Levels are equal to or greater than the mean average service levels for Comparable Services and Equipment;

Good Value means that the air ticket prices or accommodation rates achieved, having taken into account the factors in paragraph 7.2.7, are significantly less than the Average Price;

Good Value means that the Charges attributable to a Benchmarked Service are less than the mean Average Price and (as applicable) the Lower Quartile Price as adjusted using Equivalent Services Data.

Good Value means that: the Contract Charges attributable to a Benchmarked Service are, having taken into account the Service Levels, within the Upper Quartile; and any Service Levels attributable to Benchmarked Services are, having taken into account the Contract Charges, equal to or greater than the mean average service levels for Comparable Services as adjusted using Equivalent Services Data;

Good Value is defined in paragraph 25.1.5;