Adjustment Formula

5.1  Failures to comply with the requirements of PS5 Performance Target A, PS5 Performance Target B and PS5 Performance Target C as set out in paragraph 17.1 of the Output Specification shall lead to Adjustments to the Monthly Payment in accordance with PS5 Table 1 in paragraph 5.3.

5.2  A failure shall be determined as a failure to provide relevant, accurate and complete information or to report within the timescales set out within paragraph 16 of the Output Specification, or if no timescale is indicated within a reasonable time, (even to the extent that such information or response comprise a nil return).

5.3  If the failure to provide the required information in accordance with PS5 Performance Target A, PS5 Performance Target B and PS5 Performance Target C is not rectified by the end of the following Month then the Adjustments set out in PS5 Table 1 shall be doubled.  Adjustments will continue to be doubled from the previous Month's Adjustment each Month until all the required information is provided.

PS5 Table 1