Common use of Cost compensation formula17th Clause in Contracts

Cost compensation formula17th. The formula referred to in paragraph 4.1 is as follows: πΆπ‘œπ‘ π‘‘ π‘π‘œπ‘šπ‘π‘’π‘›π‘ π‘Žπ‘‘π‘–π‘œπ‘› = βˆ‘(𝑅𝑅𝐡𝐢 + 𝑇𝑀𝐢) where: (a) βˆ‘ is the sum across all applicable Network Rail Restrictions of Use and all Restriction of Use Days in the Period; (b) RRBC is the rail replacement bus cost, for the Service(s) (or part(s) thereof) in that Service Group as a result of a Network Rail Restriction of Use, calculated according to the following formula: 𝑅𝑅𝐡𝐢 = 𝐸𝐡𝑀 Γ— 𝐸𝐡𝑀𝑃𝑅 where: EBM is the number of estimated bus miles for the Train Operator; and EBMPR is the payment rate per EBM, which is Β£13.30. If there is a full bus replacement 𝐸𝐡𝑀 = πΈπ΅π‘€π‘Š Γ— πΉπ΅π‘…π‘šπ‘–π‘™π‘’π‘  If there is partial bus replacement 𝐸𝐡𝑀 = πΈπ΅π‘€π‘Š Γ— 0.5 Γ— π‘ƒπ΅π‘…π‘šπ‘–π‘™π‘’π‘  Γ— 𝐼𝑇𝑆 If there is no bus replacement (as set out in Annex B to this Part 3 of Schedule 4) 𝐸𝐡𝑀 = πΈπ΅π‘€π‘Š Γ— 0 where: EBMW is the weighting applicable to the affected section of route, as set out in Annex B to this Part 3 of Schedule 4; FBRmiles is the length of route, in miles, between the applicable pair of Viable Transfer Points over which train services are affected and for which full bus replacement is required as set out in Annex B to this Part 3 of Schedule 4; PBRmiles is the length of route, in miles, between the applicable pair of Viable Transfer Points over which train services are affected and for which partial bus replacement is required as set out in Annex B to this Part 3 of Schedule 4; ITS is 1 or the percentage of trains stopping at intermediate stations for those cases where EBMW = 50%; and (c) TMC is the cost or saving, expressed in xxxxx per train mile and rounded to two decimal places, resulting from train mileage change, for the Service(s) (or part(s) thereof) in that Service Group as a result of a Network Rail Restriction of Use, calculated according to the following formula: 𝑇𝑀𝐢 = 𝑇𝑀 Γ— 𝑇𝑀𝑃𝑅 where: TM is the change in train mileage; and TMPR is the payment rate per train mile, as stipulated in Annex C to this Part 3 of Schedule 4.

Appears in 3 contracts

Samples: Track Access Contract (Passenger Services), Track Access Contract (Passenger Services), Track Access Contract (Passenger Services)

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Cost compensation formula17th. The formula referred to in paragraph 4.1 is as follows: πΆπ‘œπ‘ π‘‘ π‘π‘œπ‘šπ‘π‘’π‘›π‘ π‘Žπ‘‘π‘–π‘œπ‘› = βˆ‘(𝑅𝑅𝐡𝐢 + 𝑇𝑀𝐢) where: (a) βˆ‘ is the sum across all applicable Network Rail Restrictions of Use and all Restriction of Use Days in the Period; (b) RRBC is the rail replacement bus cost, for the Service(s) (or part(s) thereof) in that Service Group as a result of a Network Rail Restriction of Use, calculated according to the following formula: 𝑅𝑅𝐡𝐢 = 𝐸𝐡𝑀 Γ— 𝐸𝐡𝑀𝑃𝑅 where: EBM is the number of estimated bus miles for the Train Operator; and EBMPR is the paym13.30 17th ent rate per EBM, which is Β£13.30. If there isπΈπ΅π‘€π‘Šπ‘Š a full bus replacement 𝐸𝐡𝑀 = πΈπ΅π‘€π‘Š Γ— πΉπ΅π‘…π‘šοΏ½οΏ½π‘™π‘’πΈπ΅π‘€π‘Šπ‘Š 𝑠 If there is partial bus replacement 𝐸𝐡𝑀 = πΈπ΅π‘€π‘Š Γ— 0.5 Γ— π‘ƒπ΅π‘…π‘šπ‘–π‘™π‘’π‘  Γ— 𝐼𝑇𝑆 If there is no bus replacemπΈπ΅π‘€π‘Šπ‘Š ent (as set out in Annex B to this Part 3 of Schedule 4) 𝐸𝐡𝑀 = πΈπ΅π‘€π‘Š Γ— 0 where: EBMW is the weighting applicable to the affected section of route, as set out in Annex B to this Part 3 of Schedule 4; FBRmiles is the length of route, in miles, between the applicable pair of Viable Transfer Points over which train services are affected and for which full bus replacement is required as set out in Annex B to this Part 3 of Schedule 4; PBRmiles is the length of route, in miles, between the applicable pair of Viable Transfer Points over which train services are affected and for which partial bus replacement is required as set out in Annex B to this Part 3 of Schedule 4; ITS is 1 or the percentage of trains stopping at intermediate stations for those cases where EBMW = 50%; and (c) TMC is the cost or saving, expressed in xxxxx per train mile and rounded to two decimal places, resulting from train mileage change, for the Service(s) (or part(s) thereof) in that Service Group as a result of a Network Rail Restriction of Use, calculated according to the following formula: 𝑇𝑀𝐢 = 𝑇𝑀 Γ— 𝑇𝑀𝑃𝑅 where: TM is the change in train mileage; and TMPR is the payment rate per train mile, as stipulated in Annex C to this Part 3 of Schedule 4.

Appears in 1 contract

Samples: Track Access Contract (Passenger Services)

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