Table 2: Monitoring Frequency

Period

Label

Daily

D

Weekly

W

Monthly

M

Annual

A

Per Occurrence

PO

THE AUTHORITY AND ITS ADVISERS SHOULD CAREFULLY REVIEW AND CONSIDER THE APPROPRIATE RECTIFICATION AND PERFORMANCE DEDUCTION CATEGORIES FOR EACH PERFORMANCE STANDARD AND THE DETAIL FOR EACH PERFORMANCE STANDARD MONITORING METHODOLOGY.17




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17  The wording of the Performance Measurement Framework is indicative only and should only be used as a guide to the issues that need to be addressed in contractual drafting.