Completeness Penalty Cap Sample Clauses
A Completeness Penalty Cap clause sets a maximum limit on the financial penalties that can be imposed for failing to deliver a project or service in a complete or fully compliant manner. In practice, this means that even if multiple or significant deficiencies are found, the total penalties assessed cannot exceed the specified cap, regardless of the number or severity of issues. This clause provides certainty and risk management for the party subject to penalties by preventing unlimited or excessive financial exposure due to incomplete performance.
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Completeness Penalty Cap. Penalties under this section for completeness shall be capped at 0.33% of the Contractor’s monthly capitation rate. If the Department elects not to exercise any of the penalty clauses herein in a particular instance, this decision shall not be construed as a waiver of the Department’s right to pursue the future assessment of that performance standard requirement and associated penalties. The Department will work with the Contractor to resolve problems in obtaining data at all times. The Contractor acknowledges its responsibility to provide data on Members upon request.