Common use of Onerous contracts Clause in Contracts

Onerous contracts. If the Supplier publicly designates the Agreement as an Onerous Contract (including where the Supplier has identified the Agreement as such in any published accounts or public reports and announcements), the Supplier shall promptly notify the Authority of the designation and shall prepare and deliver to the Authority within the timescales agreed by the Parties (an in any event, no later than 2 months following the publication of the designation) a draft Onerous Contract Report which includes the following: An initial root cause analysis of the issues and circumstances which may have contributed to the Agreement being designated as an Onerous Contract; An initial risk analysis and impact assessment on the provision of the Services as a result of the Supplier’s designation of the Agreement as an Onerous Contract; the measures which the Supplier intends to put in place to minimise and mitigate any adverse impact on the provision on the Services; details of any other options which could be put in place to remove the designation of the Agreement as an Onerous Contract and/or which could minimise and mitigate any adverse impact on the provision of the Services. Following receipt of the Onerous Contract Report, the Authority shall review and comment on the report as soon as reasonably practicable and the Parties shall cooperate in good faith to agree the final form of the report, which shall be submitted to the Programme Board, such final form report to be agreed no later than 1 month following the Authority’s receipt of the draft Onerous Contract Report. The Programme Board shall meet within 14 Working Days of the final Onerous Contract Report being agreed by the Parties to discuss the contents of the report; and the Parties shall procure the attendance at the meeting of any key participants where reasonably required (including the Cabinet Office Markets and Suppliers team where the Supplier is a Strategic Supplier; representatives from any Key Sub-contractors/Monitored Suppliers; and the project’s senior responsible officers (or equivalent) for each Party). The Supplier acknowledges and agrees that the report is submitted to the Authority and Programme Board on an information only basis and the Authority and Programme Board’s receipt of and comments in relation to the report shall not be deemed to be an acceptance or rejection of the report nor shall it relieve the Supplier of any liability under this Agreement. Any Changes to be agreed by the Parties pursuant to the report shall be subject to the Change Control Procedure.

Onerous contracts. If the Supplier publicly designates the Agreement as an Onerous Contract (including where the Supplier has identified the Agreement as such in any published accounts or public reports and announcements), the Supplier shall promptly notify the Authority of the designation and shall prepare and deliver to the Authority within the timescales agreed by the Parties (an in any event, no later than 2 months following the publication of the designation) a draft Onerous Contract Report which includes the following: An initial root cause analysis of the issues and circumstances which may have contributed to the Agreement being designated as an Onerous Contract; An initial risk analysis and impact assessment on the provision of the Services as a result of the Supplier’s designation of the Agreement as an Onerous Contract; the measures which the Supplier intends to put in place to minimise and mitigate any adverse impact on the provision on the Services; details of any other options which could be put in place to remove the designation of the Agreement as an Onerous Contract and/or which could minimise and mitigate any adverse impact on the provision of the Services. Following receipt of the Onerous Contract Report, the Authority shall review and comment on the report as soon as reasonably practicable and the Parties shall cooperate in good faith to agree the final form of the report, which shall be submitted to the Programme Service Management Board, such final form report to be agreed no later than 1 month following the Authority’s receipt of the draft Onerous Contract Report. The Programme Service Management Board shall meet within 14 Working Days of the final Onerous Contract Report being agreed by the Parties to discuss the contents of the report; and the Parties shall procure the attendance at the meeting of any key participants where reasonably required (including the Cabinet Office Markets and Suppliers team where the Supplier is a Strategic Supplier; representatives from any Key Sub-contractors/Monitored Suppliers; and the project’s senior responsible officers (or equivalent) for each Party). The Supplier acknowledges and agrees that the report is submitted to the Authority and Programme Service Management Board on an information only basis and the Authority and Programme Service Management Board’s receipt of and comments in relation to the report shall not be deemed to be an acceptance or rejection of the report nor shall it relieve the Supplier of any liability under this Agreement. Any Changes to be agreed by the Parties pursuant to the report shall be subject to the Change Control Procedure.

Onerous contracts. If the Supplier publicly designates the Agreement as an Onerous Contract (including where the Supplier has identified the Agreement as such in any published accounts or public reports and announcements), the Supplier shall promptly notify the Authority of the designation and shall prepare and deliver to the Authority within the timescales agreed by the Parties (an and in any event, no later than 2 months following the publication of the designation) a draft Onerous Contract Report which includes the following: An an initial root cause analysis of the issues and circumstances which may have contributed to the Agreement being designated as an Onerous Contract; An an initial risk analysis and impact assessment on the provision of the Services as a result of the Supplier’s 's designation of the Agreement as an Onerous Contract; the measures which the Supplier intends to put in place to minimise and mitigate any adverse impact on the provision on the Services; details of any other options which could be put in place to remove the designation of the Agreement as an Onerous Contract and/or which could minimise and mitigate any adverse impact on the provision of the Services. Following receipt of the Onerous Contract Report, the Authority shall review and comment on the report as soon as reasonably practicable and the Parties shall cooperate in good faith to agree the final form of the report, which shall be submitted to the Programme Service Management Board, such final form report to be agreed no later than 1 month following the Authority’s 's receipt of the draft Onerous Contract Report. The Programme Service Management Board shall meet within 14 Working Days of the final Onerous Contract Report being agreed by the Parties to discuss the contents of the report; and the Parties shall procure the attendance at the meeting of any key participants where reasonably required (including the Cabinet Office Markets and Suppliers team where the Supplier is a Strategic Relevant Supplier; representatives from any Key Sub-contractors/Monitored Suppliers; and the project’s 's senior responsible officers (or equivalent) for each Party). The Supplier acknowledges and agrees that the report is submitted to the Authority and Programme Service Management Board on an information only basis and the Authority and Programme Service Management Board’s 's receipt of and comments in relation to the report shall not be deemed to be an acceptance or rejection of the report nor shall it relieve the Supplier of any liability under this Agreement. Any Changes to be agreed by the Parties pursuant to the report shall be subject to the Change Control Procedure.