VfM and Governance standards Sample Clauses

VfM and Governance standards. Annual updated documentation provided (copy of Policies with detailed annual financial breakdown relating to contract)
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VfM and Governance standards. Annual updated documentation provided (copy of Policies with detailed annual financial breakdown relating to contract) a) Economic and governance policies in practice Terms and Conditions Clauses 13, 14 & 15 Annual contract review/programme management Audit checks Compliance checks VfM being maximised over the life of a contract
Sample 1
VfM and Governance standards. Annual updated documentation provided (copy of Policies with detailed annual financial breakdown relating to contract) a) Economic and governance policies in practice Terms and Conditions Clauses 13, 14 & 15 Annual contract review/programme management Audit checks Compliance checks VfM being maximised over the life of a contract b) 1. By confirmation of annual profit level fluctuations since tender submittal 2. by timely identification and resolution of issues Updated documentation submitted once annually Contract T&Cs Clauses 15 & 20 Terms of Reference Compliance checks Annual contract review/programme management Compliance checks 3. ensuring lessons learned are shared Terms of Reference Annual contract review/programme management Compliance checks Tax Declaration (HMRC format)
Sample 1
VfM and Governance standards. Annual updated documentation provided (copy of Policies with detailed annual financial breakdown relating to contract) a) Economic and governance policies in practice Terms and Conditions Clauses 13, 14 & 15 Annual contract review/programme management Audit checks Compliance checks VfM being maximised over the life of a contract b) 1. By confirmation of annual profit level fluctuations since tender submittal 2. by timely identification and resolution of issues Updated documentation submitted once annually Contract T&Cs Clauses 15 & 20 Terms of Reference Compliance checks Annual contract review/programme management Compliance checks 3. ensuring lessons learned are shared Terms of Reference Annual contract review/programme management Compliance checks c) Tax Declaration (HMRC format) • Tax the organisation paid on profits made in the last 3 years, and in which countries • Compliance with relevant country level tax regulations fully understood and met Annually updated documentation submitted by contracted supplier and on behalf of delivery chain partners Terms and Conditions Clauses 15, 23 & 24 Terms of reference Annual return Compliance checks
Sample 1

Related to VfM and Governance standards

  • Ethical Standards ‌ 7.8.1 Within ninety (90) days after the Effective Date, Developer shall adopt written policies establishing ethical standards of conduct for all Developer-Related Entities, including Developer’s supervisory and management personnel, in dealing with (a) IFA and the Department and (b) employment relations. Such policy shall be subject to review and comment by IFA prior to adoption. Such policy shall include standards of ethical conduct concerning the following: 7.8.1.1 Restrictions on gifts and contributions to, and lobbying of, IFA, the Department and any of their respective members, commissioners, directors, officers and employees, and elected State officials; 7.8.1.2 Protection of employees from unethical practices in selection, use, hiring, compensation or other terms and conditions of employment, or in firing, promotion and termination of employees; 7.8.1.3 Protection of employees from retaliatory actions (including discharge, demotion, suspension, threat, harassment, pay reduction or other discrimination in the terms and conditions of employment) in response to reporting of illegal (including the making of a false claim), unethical or unsafe actions or failures to act by any Developer-Related Entity; 7.8.1.4 Restrictions on directors, members, officers or supervisory or management personnel of any Developer-Related Entity engaging in any transaction or activity, including receiving or offering a financial incentive, benefit, loan or other financial interest, that is, or to a reasonable person appears to be, in conflict with or incompatible with the proper discharge of duties or independence of judgment or action in the performance of duties, or adverse to the interests of the Project or employees; 7.8.1.5 Restrictions on use of office or job position for a purpose that is, or would to a reasonable person appear to be, primarily for the private benefit of a director, member, officer or supervisory or management person, rather than primarily for the benefit of Developer or the Project, or primarily to achieve a private gain or an exemption from duty or responsibility for a director, member, officer or supervisory or management person; and 7.8.1.6 Restrictions on directors, members, officers or employees of any Developer-Related Entity performing any of the Work if the performance of such services would be prohibited under IFA’s conflict of interest rules and policies. 7.8.2 Developer shall cause its directors, members, officers and supervisory and management personnel, and require those of all other Developer-Related Entities, to adhere to and enforce the adopted policy on ethical standards of conduct. Developer shall establish reasonable systems and procedures to promote and monitor compliance with the policy. 7.8.3 Notwithstanding the foregoing in this Section 7.8, Developer has an affirmative obligation under this Agreement to disclose to IFA and to the Indiana State Ethics Commission when an interested party is or becomes an employee of IFA or the State. This obligation extends only to those facts that Developer knows or reasonably could know. For purposes of this Section 7.8.3, “interested party” means (a) the individual executing this Agreement, (b) an individual who has an interest of three percent (3%) or more of Developer, (c) any member of the immediate family of an individual specified in clause (a) or (b). For purposes of the preceding sentence, “immediate family” means the spouse and the unemancipated children of an individual.‌

  • Standards Any additions, modifications, or replacements made to a Party’s facilities shall be designed, constructed and operated in accordance with this Agreement, NYISO requirements and Good Utility Practice.

  • Quality Standards Each Party agrees that the nature and quality of its products and services supplied in connection with the other Party's Marks will conform to quality standards set by the other Party. Each Party agrees to supply the other Party, upon request, with a reasonable number of samples of any Materials publicly disseminated by such Party which utilize the other Party's Marks. Each Party will comply with all applicable laws, regulations, and customs and obtain any required government approvals pertaining to use of the other Party's marks.

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