Cost related KPIs Category Sample Clauses

Cost related KPIs Category. Service Level KPI Score (averaged per-contract as applicable) Max Score (may be weighted) Q1 Q2 Q3 Q4 Cost saving and management initiatives Achieve cost savings (saving must exceed value of payment allocated) 32 Proactively identify and action areas for cost saving. 0 – No pro-activeness 5 – emerging pro-activeness being recognised (1-3 actions recorded per contract) 10 – Excellent pro-activeness (>3 actions recorded per contract 10 Control contract budgets Control anticipate spend for contract line items (fees and receipted expenses) 0 – Overspend in more than 1 area or an overspend >10% in any single area 5 – Overspend in any one area 10 – no overspend 10 Accurate budgeting Minimise budget commitment 0 – Underspend > 20% in any budget line item 5 – Underspend > 10% in any budget line item 10 – Underspend > 5% in any budget line item 10 Procurement Compliance Management system for tracking spend Correctly procure receipted expenses Errors < 2 – 10 points Errors >3 <6 – 5 points Errors >5 – 0 points 10 Managing appropriate inventory Minimise inventory and inventory in hand No inventory remaining at course end – 10 points <=10% of inventory remaining in hand – 5 points >10% inventory remaining – 0 points 10 32 An outcome payment allocated to a cost saving KPI must not exceed the cost saving achieved on the contract. Operational Document Page 27 of 37
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Related to Cost related KPIs Category

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