Contract Performance Point definition
Examples of Contract Performance Point in a sentence
For each phase of the Implementation Period, the Test Success Criteria for: each Test that the Service Provider must Achieve for the ATP Milestone or a Contract Performance Point (“CPP”) Milestone, are set out in Annex 4; and all other Tests shall be agreed between the Parties as part of the relevant Test Plan pursuant to paragraph 5.
The Service Provider shall return to the Customer on demand if, and to the extent it so requires, the aggregate sum of all Reclaimable Milestone Payments paid to the Service Provider in respect of the achievement of Milestones related to any part of the Services partially terminated pursuant to clause 1 (Partial Termination) prior to the relevant Contract Performance Point.
Guidance on the timing and application of CPPs is to be found in Guidance note 1 ( Key Commercial Principles), section 1 - 1.4 (Contract Performance Point).
The Service Provider shall return to the Customer on demand (if, and to the extent the Customer requires) the aggregate sum of all Reclaimable Milestone Payments in the event this agreement is terminated by the Customer pursuant to clause 2 (Termination for Cause by the Customer) prior to the relevant Contract Performance Point.
The Supplier shall return to the Customer on demand (if, and to the extent the Customer requires) the aggregate sum of all Reclaimable Milestone Payments if this Contract is terminated by the Customer pursuant to clause 59.1 (Termination for Cause by the Customer) prior to the Contract Performance Point.
Such a Milestone will mark the achievement of a Contract Performance Point (CPP), which should also be included in the Implementation Plan.
Appropriate tests will need to be in place to confirm the successful Achievement of all Milestones, including Authority to Proceed and the Contract Performance Point.