Benchmarking Exercise means an exercise carried out under clause 34.2 (Benchmarking);

Benchmarking Exercise means an exercise carried out by the Parties in accordance with clause 78 (Benchmarking) to assess whether the processes and procedures used by the Supplier to deliver the Services might be improved having regard to processes and procedures used by third parties to deliver similar services in similar circumstances;

Benchmarking Exercise benchmarking in accordance with Clause26.1

Examples of Benchmarking Exercise in a sentence

Project Co will, prior to the start of the Benchmarking Exercise, submit a proposal (the “Benchmarking Proposal”) for the pricing of each Market Tested Service that is the subject of the Benchmarking Exercise.
After Project Co submits the Benchmarking Proposal, Project Co will carry out the Benchmarking Exercise for the relevant Market Tested Services.
Project Co will maintain complete and accurate records of each Benchmarking Exercise and will present the results of the Benchmarking Exercise to the Authority, together with all necessary supporting documentation and such other information for full transparency of relevant cost and other information relating to the Benchmarking Exercise and as the Authority may reasonably require in order to evaluate properly the results of the Benchmarking Exercise.
If a pre-arbitration review meetingPARM will be scheduled with the LRS designee, the State designated representative, and the Union’s staff representative, to review and attempt to settle the dispute.
Lessons Learned in Empirical Scoring with Smina From the CSAR 2011 Benchmarking Exercise.

More Definitions of Benchmarking Exercise

Benchmarking Exercise has the meaning given in clause 35.3.1 (Benchmarking and Market Testing);

Benchmarking Exercise has the meaning given to it in Clause 28.1.1 (Benchmarking);

Benchmarking Exercise means the objective measurement and comparison of the Service Charges, Services and Standards, including but not limited to processes and technologies used by the Service Provider, by the Benchmarker as specified in paragraph 4 of this schedule;

Benchmarking Exercise has the meaning set out in Appendix 4B [Market Testing Procedure]; “Benchmark Price Range” has the meaning set out in Appendix 4B [Market Testing Procedure]; “Benchmarking Proposal” has the meaning set out in Appendix 4B [Market Testing Procedure]; “Beneficiary” has the meaning set out in Section 9.2 (Conduct of Third Person Claims);

Benchmarking Exercise has the meaning set out in Schedule 8 [Payments]; “Beneficiary” has the meaning set out in Section 9.2 (Conduct of Third Person Claims); “BI Policy” has the meaning set out in Schedule 5 [Insurance Requirements];

Benchmarking Exercise has the meaning set out in paragraph 2 (Definitions) of Schedule 36 (Value for Money Review Process);

Benchmarking Exercise means the exercise undertaken by PPP Co. pursuant to Clause 25.1 (Benchmarking) in relation to the Testable Services;