Common use of Performance Benchmark & Penalty Clause in Contracts

Performance Benchmark & Penalty. Sr. No Average Score (Number of Yes) (One xxxx for each “Yes”) Penalty (Rs. Per BQS/Quarter) 1 5 to 7 No Penalty 2 4 to 4.99 Rs. 3,000 3 3 to 3.99 Rs. 6,000 4 2 to 2.99 Rs. 12,000 5 1 to 1.99 Rs. 15,000 6 0 to 0.99 Rs. 21,000

Appears in 5 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

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Performance Benchmark & Penalty. Sr. No Average Score (Number of Yes) (One xxxx mark for each “Yes”) Penalty (Rs. Per BQS/Quarter) 1 5 to 7 No Penalty 2 4 to 4.99 Rs. 3,000 3 3 to 3.99 Rs. 6,000 4 2 to 2.99 Rs. 12,000 5 1 to 1.99 Rs. 15,000 6 0 to 0.99 Rs. 21,000

Appears in 3 contracts

Samples: Concession Agreement, Part Ii Concession Agreement, Concession Agreement

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Performance Benchmark & Penalty. Sr. No Average Score (Number of Yes) (One xxxx for each “Yes”) Penalty (Rs. Per BQS/Quarter) 1 5 to 7 No Penalty 2 4 to 4.99 Rs. 3,000 3 3 to 3.99 Rs. 6,000 4 2 to 2.99 Rs. 12,000 5 1 to 1.99 Rs. 15,000 6 0 to 0.99 Rs. 21,00021,000 f. Penalty shall be applied on all BQS in the Zone/Package.

Appears in 1 contract

Samples: Concession Agreement

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