B-BBEE Improvement Plan Sample Clauses
The B-BBEE Improvement Plan clause requires a party to develop and implement a strategy to enhance its Broad-Based Black Economic Empowerment (B-BBEE) status over a specified period. Typically, this involves setting measurable targets, outlining specific actions to improve B-BBEE scores, and providing regular progress reports to the other contracting party. The core function of this clause is to ensure ongoing commitment to transformation objectives and to provide a structured approach for improving compliance with B-BBEE requirements, thereby reducing the risk of non-compliance and supporting broader economic inclusion goals.
B-BBEE Improvement Plan a) Transnet encourages its suppliers to constantly strive to improve their B-BBEE levels. To this end, the Service Provider undertakes to provide Transnet with a B-BBEE Improvement Plan to indicate the extent to which their B-BBEE status will be maintained or improved over the contract period, as per Annexure of the RFP.
b) The Service Provider shall, for the duration of this Agreement, comply with the B-BBEE Improvement Plan.
c) The terms of the B-BBEE Improvement Plan and monetary value of the commitments thereunder shall not (unless otherwise agreed in writing) be less or less favourable than the commitments made by the Service Provider in such B-BBEE Improvement Plan.
d) Breach of B-BBEE Improvement Plan obligations also provide Transnet cause to terminate the contract in certain cases where material milestones are not being achieved.
B-BBEE Improvement Plan. 16.6.1. Transnet encourages its suppliers to constantly strive to improve their B-BBEE levels. To this end, the Service Provider undertakes to provide Transnet with a B-BBEE Improvement Plan to indicate the extent to which their B-BBEE status will be maintained or improved over the contract period, as per Annexure I to the Master Services Agreement.
16.6.2. The Service Provider shall, for the duration of this Agreement, comply with the B-BBEE Improvement Plan.
16.6.3. The terms of the B-BBEE Improvement Plan and monetary value of the commitments thereunder shall not (unless otherwise agreed in writing) be less or less favourable than the commitments made by the Service Provider in such B-BBEE Improvement Plan.
16.6.4. Breach of B-BBEE Improvement Plan obligations also provide Transnet cause to terminate the contract in certain cases where material milestones are not are not being achieved.
B-BBEE Improvement Plan. TNPA encourages its suppliers to constantly strive to improve their B-BBEE levels. To this end, the Service Provider undertakes to provide TNPA with a B-BBEE Improvement Plan to indicate the extent to which their B-BBEE status will be maintained or improved over the contract period, as per Annexure ………… of the RFP.