Common use of Non-compliance penalties for Job Clause in Contracts

Non-compliance penalties for Job. Creation a) Breach of job creation obligations provides Transnet cause to terminate the contract in certain cases where there is a material Non-compliance.

Non-compliance penalties for Job. Creation a) Breach of job creation obligations provides Transnet cause to terminate the contract in certain cases where there is a material Non-compliance. b) If the Supplier fails to achieve its job creation commitments as per their bid submission (“a Non-Compliance”), the Supplier shall pay a Non-Compliance penalty (“Non-compliance Penalty”) to Transnet in respect of such Non-compliance. c) Such penalty shall be calculated based on the difference between the committed and delivered jobs. For every job not created, a penalty of 2% of the contract value will be applied.

Non-compliance penalties for Job. Creation a) Breach of job creation obligations provides Transnet cause to terminate the contract in certain cases where there is a material Non-compliance. b) If the Service Provider fails to achieve its job creation commitments as per their bid submission (“a Non-Compliance”), the Service Provider shall pay a Non-Compliance penalty (“Non-compliance Penalty”) to Transnet in respect of such Non-compliance. c) Such penalty shall be calculated based on the difference between the committed and delivered jobs. For every job not created, a penalty of 2% of the contract value will be applied.