Common use of Benchmark Report Clause in Contracts

Benchmark Report. The Service Provider shall prepare a Benchmark Report and deliver it to the Authority at the time specified in the plan approved under paragraph 2.2.3 of this Schedule, setting out its findings. Those findings shall be required to: include a finding as to whether or not a Benchmarked Rate and/or whether the Benchmarked Rates as a whole are, Good Value; if any of the Benchmarked Rates are, individually or as a whole, not Good Value, specify the changes that would be required to make that Benchmarked Rate or the Benchmarked Rates as a whole Good Value; and include sufficient detail and transparency so that the Authority can interpret and understand how the Service Provider has calculated whether or not the Benchmarked Rates are, individually or as a whole, Good Value. The Parties agree that any changes required to this Framework Agreement identified in the Benchmark Report may be implemented at the direction of the Authority in accordance with Clause 32. The Authority shall be entitled to publish the results of any benchmarking of the Framework Prices to Other Contracting Bodies.

Benchmark Report. The Service Provider shall prepare a Benchmark Report and deliver it to the Authority at the time specified in the plan approved under paragraph 2.2.3 18.2.3 of this Schedule, setting out its findings. Those findings shall be required to: include a finding as to whether or not a Benchmarked Rate and/or whether the Benchmarked Rates as a whole are, Good Value; if any of the Benchmarked Rates are, individually or as a whole, not Good Value, specify the changes that would be required to make that Benchmarked Rate or the Benchmarked Rates as a whole Good Value; and include sufficient detail and transparency so that the Authority can interpret and understand how the Service Provider has calculated whether or not the Benchmarked Rates are, individually or as a whole, Good Value. The Parties agree that any changes required to this Framework Agreement identified in the Benchmark Report may be implemented at the direction of the Authority in accordance with Clause 32. The Authority shall be entitled to publish the results of any benchmarking of the Framework Prices to Other Contracting Bodies.