Adjustment Formula
4.8 Adjustments in respect of any failure of the Service Provider to carry out updates to the Management Information System pursuant to PS4 Performance Target C as set out in paragraph 15.1(c) of the Output Specification, shall be calculated in accordance with the following formula:
= | Y x M | |
Where: | ||
Y | = | £6 (Indexed); |
= | the relevant Multiplier from PS4 Table 3 below. |
PS4 Table 3
Business Days (or part of rounded up) exceeding 1 that the relevant update is outstanding or inaccurate | Multiplier (M) |
1 | 1 |
2 | 2 |
3 | 3 |
≥4 | 8 |
4.9 The Management Information System shall be tested for updates pursuant to PS4 Performance Target C from the Month following the Month in which no Adjustments have accrued in respect of Management Information System Accuracy in accordance with paragraphs 4.4 to 4.6 (inclusive).
4.10 For the avoidance of doubt, if updates of the Management Information System continue to be outstanding or inaccurate in to the following Month (or beyond) the Adjustment for that (and each following) Month (until the Management Information System is accurately updated) shall be calculated as in paragraph 4.8, with the relevant M factor being calculated in accordance with PS4 Table 3 and the number of Business Days in that table continuing to be based upon Service Provider (that is the M factor shall continue to increase until it reaches eight (8) or remain at eight (8) and shall not be reduced by virtue of the commencement of the following Month).