Reimbursement of Utilities Costs
9.3 The Authority will pay to the Contractor the Monthly Utilities Payment in respect of the month concerned. This will be calculated as follows:
Where:
MUPm | = | the Monthly Utilities Payment calculated in respect of the current month; |
USCeu | = | the estimated unit Utility Service Cost (u) at the start of the Contract Year (including all relevant taxes and levies); |
CTu | = | the annual utility Consumption Target for the Utility Service (u) for that Contract Year; |
SCu | = | the expected standing charge and any other fixed costs/charges for the Utility Service (u) for that Contract Year. |