Failure to submit the annual Benchmarking report by May 1st will result in an initial fine of $500, with subsequent $500 fines issued after each quarter. A maximum of $2,000 (four total violations) can be issued for failure to file a single year’s report. These are typically marked BENCH – BENCHMARKING alongside the issue date.
Owners can submit a Benchmarking Violations Challenge Form if they believe an infraction was issued in error. This is a separate process from debating Benchmarking eligibility in general.
As of the May 1, 2016 compliance deadline, submitted reports with one or more missing or inaccurate data fields are considered non-compliant, and will receive a warning in the form of a Notice of Data Inaccuracy. Failure to submit a corrected report prior to the next quarterly deadline (August 1, November 1, and February 1) will result in a violation for each period of non-compliance.
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