What are the Serials used to calculate Supplier Charges?
Supplier Charges are incurred for underperformance against six PARMS Serials. These are described in the table below. Supplier Charges are applied based on underperformance by Supplier ID, reporting period (Calendar Month) and GSP Group. Serial Serial Description Standard SP01 Delivery of Routine Performance Monitoring Reports Zero Working Days that a full set of PARMS Reports […]
Who are Supplier Charges applied to?
Each month, the Performance Assurance Board (PAB) authorises the application of Supplier Charges. Once the charges each Supplier is liable for has been calculated and summed across each GSP Group, the charges are re-distributed to Trading Parties within that GSP Group as follows: 90% of funds collected from a GSP Group are re-distributed to the […]