Upper Quartile definition
Upper Quartile means, in respect of Benchmarked Rates, that based on an analysis of Equivalent Data, the Benchmarked Rates, as compared to the range of prices for Comparable Goods and/or Services, are within the top 25% in terms of best value for money for the recipients of Comparable Goods and/or Services.
Upper Quartile means, in respect of Benchmarked Rates, that based on an analysis of Equivalent Data, the Benchmarked Rates, as compared to the range of prices for Comparable Services, are within the top 25% in terms of best value for money for the recipients of Comparable Services The Supplier acknowledges that the Authority wishes to ensure that the Services represent value for money to the taxpayer throughout the Framework Period. This Framework Schedule 12 sets out the following processes to ensure this Framework Agreement represents value for money throughout the Framework Period and subsequently while any Call-Off Agreements remain in force: Benchmarking; Continuous Improvement; Frequency Purpose and Scope of Benchmark Review The Supplier shall carry out Benchmark Reviews of the Services when so requested by the Authority. The Authority shall not be entitled to request a Benchmark Review during the first six (6) Month period from the Framework Commencement Date nor at intervals of less than twelve (12) Months after any previous Benchmark Review. The purpose of a Benchmark Review will be to establish whether the Benchmarked Services are, individually and/or as a whole, Good Value. The Services that are to be the Benchmarked Services will be identified by the Authority in writing.
Upper Quartile means, in respect of Benchmarked Rates, that based on an analysis of Equivalent Data, the Benchmarked Rates, as compared to the range of prices for Comparable Goods and/or Services, are within the top 25% in terms of best value for money for the recipients of Comparable Goods and/or Services The Supplier acknowledges that the Authority wishes to ensure that the Goods and/or Services represent value for money to the taxpayer throughout the Framework Period. This Framework Schedule 12 (Continuous Improvement and Benchmarking) sets out the following processes to ensure this Framework Agreement represents value for money throughout the Framework Period and subsequently while any Call Off Agreements remain in force: Benchmarking; Continuous Improvement;
Examples of Upper Quartile in a sentence
For the avoidance of doubt, the Fees payable by Transnet will be the lesser of the Benchmarked Upper Quartile plus 2% or the applicable Service Tower year-on-year reduced Fee as contained in Attachment G2.
If Service Provider’s price point exceeds the average price for the Upper Quartile by more than 10% (i.e., greater than $2,200,000) then Service Provider will be required to adjust its fees to a price point that is less than or equal to $2 million.
Upper Quartile technical proposal outlines in a table the key deliverables/outputs, sequencing of tasks and critical questions for: Phase 1 - The Evaluation Inception Phase Phase 2a – Understanding NSRP and baseline data collection (2013/14) Phase 2b – The summative evaluation (2014-2018) Please note the implementation phase deliverables will be based on key milestones, and will be as agreed with DFID for the life of the evaluation programme.
For example, see the table below: Comparator 1 $1 million Upper Quartile Comparator 2 $2 million Comparator 3 $3 million Comparator 4 $4 million 2nd Quartile Comparator 5 $5 million Comparator 6 $6 million Comparator 7 $7 million 3rd Quartile Comparator 8 $8 million Comparator 9 $9 million Comparator 10 $10 million 4th Quartile Comparator 11 $11 million Comparator 12 $12 million In this example, the average price point of the Comparators representing the Upper Quartile is $2 million.
DFID Nigeria therefore expects Upper Quartile to implement a purposeful mix of in- depth quantitative and qualitative methods, as set out in their technical proposal, which will be refined during the inception phase.
More Definitions of Upper Quartile
Upper Quartile means, in respect of Benchmarked Rates, that based on an
Upper Quartile means that based on an analysis of Equivalent Products Data, the Charges for the Benchmarked Products, as compared to the range of prices for Comparable Products, are within the top 25% in terms of best value for money or the recipients of Comparable Products.
Upper Quartile the top 25% of instances of provision of a Comparable Service by members of the Comparison Group ranked by best value for money to the recipients of that Comparable Service.
Upper Quartile means, in respect of Benchmarked Rates, that based on an analysis of Equivalent Data, the Benchmarked Rates, as compared to the range of prices for Comparable Services, are within the top 25% in terms of best value for money for the recipients of Comparable Services The Supplier acknowledges that the Authority wishes to ensure that the Services, represent value for money to the taxpayer throughout the Framework Period. This Framework Schedule 12 (Continuous Improvement and Benchmarking) sets out the following processes to ensure this Framework Agreement represents value for money throughout the Framework Period and subsequently while any Call Off Agreements remain in force: Benchmarking; Continuous Improvement;
Upper Quartile means, in respect of Benchmarked Rates, that based on an analysis of Equivalent Data, the Benchmarked Rates, as compared to the range of prices for Comparable Services, are within the top 25% in terms of best value for money for the recipients of Comparable Services The Supplier acknowledges that the Authority wishes to ensure that the Services, represent value for money to the taxpayer throughout the Framework Period. This Framework Schedule 7 (Value for Money) sets out the following processes to ensure this Framework Agreement represents value for money throughout the Framework Period and subsequently while any Call Off Agreements remain in force: Benchmarking; Continuous Improvement;
Upper Quartile means that based on an analysis of Equivalent Services Data the Charges for the Benchmarked Services, as compared to the range of prices for Comparable Services, are within the top twenty five per cent (25%) in terms of best value for money for the recipients of Comparable Services; Vendor Management Charges shall have the meaning given to it in paragraph 2.2(e) of Schedule 5 (Charges);
Upper Quartile means, in respect of Benchmarked Rates, that based on an analysis of Equivalent Data, the Benchmarked Rates, as compared to the range of prices for Comparable Services, are within the top 25% in terms of best value for money for the recipients of Comparable Services The Supplier acknowledges that the Authority wishes to ensure that the Services, represent value for money to the taxpayer throughout the Framework Period. This Framework Schedule 12 (Continuous Improvement and Benchmarking) sets out the following processes to ensure this Framework Agreement represents value for money throughout the Framework Period and subsequently while any Call Off Agreements remain in force: Benchmarking; Continuous Improvement; Frequency Purpose and Scope of Benchmark Review The Supplier shall carry out Benchmark Reviews of the Services when so requested by the Authority. The Authority shall not be entitled to request a Benchmark Review during the first twelve (12) Months period from the Framework Commencement Date nor at intervals of less than twelve (12) Months after any previous Benchmark Review. The purpose of a Benchmark Review will be to establish whether the Benchmarked Services are, individually and/or as a whole, Good Value. The Services that are to be the Benchmarked Services will be identified by the Authority in writing. Benchmarking Process The Supplier shall produce and send to the Authority for Approval, a draft plan for the Benchmark Review. The plan must include: a proposed timetable for the Benchmark Review; a description of the benchmarking methodology to be used; a description that demonstrates objectively and transparently that the benchmarking methodology to be used is capable of fulfilling the benchmarking purpose; and a description of how the Supplier will scope and identify the Comparison Group. The Authority must give notice in writing to the Supplier within ten (10) Working Days after receiving the draft plan, advising whether it Approves the draft plan, or, if it does not approve the draft plan, suggesting amendments to that plan. The Authority may not unreasonably withhold or delay its Approval of the draft plan and any suggested amendments must be reasonable. Where the Authority suggests amendments to the draft plan under paragraph 3.2.3, the Supplier must produce an amended draft plan. Paragraph 3.2.2 shall apply to any amended draft plan. Once it has received the Approval of the draft plan, the Supplier shall: finalise the Comparison Group a...