Recliner <recliner.usenet@gmail.com> wrote:
> From
> <https://news.railbusinessdaily.com/firstgroup-signs-new-national-rail-contracts-for-south-western-railway-and-transpennine-express/>
>
> National Rail Contracts are a new contract structure for agreements between
> train operating companies and the DfT and the contracts for both SWR and
> TPE are among the first wave of NRCs to be announced. NRCs replace the
> previous revenue risk-based franchising system. The NRCs have a primary
> two-year term to the end of May 2023 for both SWR and TPE, and both have an
> option to be extended by up to two further years at the DfT’s discretion.
>
> Under the NRCs the DfT will retain all revenue risk and substantially all
> cost risk. For the Group’s 70% share of the First MTR joint venture for SWR
> the fixed management fee is £3.3m per annum and there is the opportunity to
> earn an additional fee of up to £9.9m which is the maximum attainable
> performance fee. For TPE the fixed management fee is £2.3m per annum and
> there is the opportunity to earn an additional fee of up to £5.2m which is
> the maximum attainable performance fee. The punctuality and other
> operational targets required to achieve the maximum level of performance
> fee are designed to incentivise the highest level of performance for
> customers.
>

Any thoughts of the disappearance of delay attribution are thus thoroughly
dispelled; hereby an even greater incentive to try to pass the blame to
someone else, is introduced!

Anna Noyd-Dryver

In message <s8b8k8$rjr$2@dont-email.me>, at 15:39:52 on Sat, 22 May
2021, Anna Noyd-Dryver <anna@noyd-dryver.com> remarked:
>>
>> National Rail Contracts are a new contract structure for agreements between
>> train operating companies and the DfT and the contracts for both SWR and
>> TPE are among the first wave of NRCs to be announced. NRCs replace the
>> previous revenue risk-based franchising system. The NRCs have a primary
>> two-year term to the end of May 2023 for both SWR and TPE, and both have an
>> option to be extended by up to two further years at the DfT’s discretion.
>>
>> Under the NRCs the DfT will retain all revenue risk and substantially all
>> cost risk. For the Group’s 70% share of the First MTR joint venture for SWR
>> the fixed management fee is £3.3m per annum and there is the opportunity to
>> earn an additional fee of up to £9.9m which is the maximum attainable
>> performance fee. For TPE the fixed management fee is £2.3m per annum and
>> there is the opportunity to earn an additional fee of up to £5.2m which is
>> the maximum attainable performance fee. The punctuality and other
>> operational targets required to achieve the maximum level of performance
>> fee are designed to incentivise the highest level of performance for
>> customers.
>
>Any thoughts of the disappearance of delay attribution are thus thoroughly
>dispelled; hereby an even greater incentive to try to pass the blame to
>someone else, is introduced!

Oh dear, did Shapps lie on prime-time TV, or was he just woefully not on
top of his brief?

400 delay-blamers he wrote off, want to know.
--
Roland Perry