Common use of Financial Consequences for Non-Performance Clause in Contracts

Financial Consequences for Non-Performance. If the Department determines that Contractor failed in any quarter to meet requirements of the Required Service Levels found in section 37, Statement of Work, Exhibit 6, for two or more standards, the Department has the right to assess Contractor a fee in accordance with the Required Service Levels table in Exhibit 6. The financial consequences detailed in Exhibit 6, which are based on non-performance of Contractor, represent maximum annual financial consequences of $20,000. These consequences for non-performance shall not be considered penalties.