Common use of Payment Model Clause in Contracts

Payment Model. 1.9.1 The principles that underpin the funding model can be found in Annex C. 1.9.2 Within the Funding Model, there are four pay bands which relate to the various levels of assurance a customer can attain (the table below identifies the pay banding and the appropriate level of assurance). Pay band 4 equates to 100% of the unit cost and will be used as the base payment. Pay bands 1 – 3 are then assigned a weighting according to their level of importance to the Department and their payments will be applied according to the weighting.

Appears in 8 contracts

Samples: Framework Agreement, Framework Agreement, Framework Agreement

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