WHAT IS A CONTRACT?
  • 07 Nov 2019
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WHAT IS A CONTRACT?

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  • A Contract is an agreement between the Org and a Utility that dispatches instructions to the Org for meter reading.

  • An Org can not carry out instructions from the Utility without a Contract. This means that all reading instructions are executed within the context of a contract.

  • A Contract has a start and end date, this is the validity period of a Contract. Instructions can only be carried out within the validity period.

  • A Contract will also provide for delineation of:

    • Rules for evaluating the instruction (these are QC rules).
    • Rates the Utility will pay for carrying out a successful read instruction
    • Rates the Utility will pay for carrying out a qualifying exception
    • How the Org will be penalised by the Utility for incorrect or unsuccessful instructions
  • Contract instructions are carried out either by a Purchase Order (PO) issued by the Utility in the context of the Contract or within a Contract cycle.

  • A Contract can have both Cycles and Purchase Orders.

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