Fare Collection Procedures Clause Samples
The Fare Collection Procedures clause outlines the methods and processes by which payments for services, such as transportation fares, are collected from users. It typically specifies acceptable forms of payment, timing of fare collection (such as upon entry or exit), and may detail the use of automated systems or manual collection by staff. This clause ensures that all parties understand how and when payments are to be made, reducing confusion and helping to prevent disputes over fare payment.
Fare Collection Procedures. The vehicles provided by the City for operation of these services are equipped with non-recording Diamond Manufacturing fareboxes (two (2) vaults per vehicle; the second to be used as a spare); the City also possesses a number of additional spare vaults. Fare receipts shall be removed from the vehicles daily, counted and reconciled by Contractor and certified by the General Manager or Assistant General Manager (deposit slips shall contain the signed initials of all individuals counting the fare as well as the approval initials of their supervisor.) Fare receipts shall be transported to City’s bank. All fares shall be accounted for under dual custody at all times, including during the vaulting process, while being counted, and during transfer/deposit to the bank. Fare receipts will be reported to the City, retained by the Contractor, and deducted from Contractor’s monthly invoice. For additional management details on associated procedures, Refer to Scope of Work, Section V/Fares, for details.
Fare Collection Procedures. The Contractor shall follow CapMetro procedures related to fare collection, including fare collection by bus operators; probing area procedures and security measures; equipment maintenance; key control; and storage of revenue collection equipment.