Good Value means that the Benchmarked Rates are within the Upper Quartile
Good Value means that:
Good Value means that: (i) the Charges attributable to a benchmarked Goods and Services are, having taken into account the Service Levels, less than or equal to the Average Price; and (ii) any Service Levels attributable to benchmarked Goods and Services are, having taken into account the Charges, equal to or greater than the mean average Service Levels for Comparable Goods and Services and rates as adjusted using Equivalent Rates Data;
Examples of Good Value in a sentence
The cost of a benchmarker shall be borne by the Buyer (provided that each Party shall bear its own internal costs of the Benchmark Review) except where the Benchmark Review demonstrates that the Benchmarked Service and/or the Benchmarked Deliverables are not Good Value, in which case the Parties shall share the cost of the benchmarker in such proportions as the Parties agree (acting reasonably).
The purpose of a Benchmark Review will be to establish whether the Benchmarked Deliverables are, individually and/or as a whole, Good Value.
More Definitions of Good Value
Good Value means in relation to Benchmarked Services, that the Charges attributable to such Benchmarked Services are less than or equal to the Average Price for Comparable Services using Equivalent Services Data;
Good Value means that the benchmarked rates are within the upper quartile;
Good Value means that the air ticket prices or accommodation rates achieved, having taken into account the factors in paragraph 7.2.7, are significantly less than the Average Price;
Good Value is defined in paragraph 25.1.4;
Good Value means that (as applicable): the Charges attributable to a Benchmarked Service are, having taken into account the Performance Measures, less than or equal to the Average Price; or any Performance Measures attributable to Benchmarked Services are, having taken into account the Charges, equal to or greater than the median performance measures for the Comparable Services (as adjusted using the Equivalent Services Data); "Guidance" means any non-binding requirement, rule, code, code of practice, circular, policy, order, demand, decision, determination, direction, guidance, consent or notice issued by any Regulatory Body or other competent authority from time to time with which a contractor operating in the same industry as the Contractor and working in accordance with Good Industry Practice would be expected to comply;
Good Value means that the Charges attributable to a Benchmarked Service are less than the mean Average Price and (as applicable) the Lower Quartile Price as adjusted using Equivalent Services Data.
Good Value means that: the Charges attributable to benchmarked Services are, having taken into account the Service Levels, are within the upper quartile; and