Good Value definition

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 purpose of a Benchmark Review will be to establish whether the Benchmarked Goods and/or Services are, individually and/or as a whole, Good Value.

• The purpose of a Benchmark Review will be to establish whether the Benchmarked Rates are, individually and/or as a whole, Good Value.

• The purpose of a Benchmark Review will be to establish whether the Benchmarked Services are, individually and/or as a whole, Good Value.

• The costs and expenses of the Benchmarking Company shall be borne equally by Transnet and the Service Provider unless the Benchmark Review finds that the Benchmarked Services are not Good Value, in which case these costs shall be borne by the Service Provider.

• Item O: Good Value for Cost shows no relationships due to its highly subjective nature.

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 the Charges attributable to a Benchmarked Service, or to Benchmarked Services as a whole, are less than or equal to the Weighted Average Price;

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 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: (i) the Charges attributable to a benchmarked Services are, having taken into account the Service Levels, within the Upper Quartile;

Good Value means that: the Contract Charges attributable to a Benchmarked Service are, having taken into account the Service Levels, within the Upper Quartile; and any Service Levels attributable to Benchmarked Services are, having taken into account the Contract Charges, equal to or greater than the mean average service levels for Comparable Services as adjusted using Equivalent Services Data;