What the government must pay: The total cost of the <Insert the full duration of the contract term here> -year contract is about <Insert the nominal sum of cash flows in hundreds of millions, or billions> or in <specify the month year of the discount date> dollars, about <Insert the discounted sum of cash flows in hundreds of millions, or billions>.
<Describe the fundamental payment terms here in bulleted format. (Lump sum at availability or milestones / progress payments; provincial contribution (if any); any early completion bonuses, etc.>
Capital payments are fixed, while maintenance and renewal payments are indexed7. <Describe the formula used to calculate the index factor in the footnote>
<Briefly describe, in layman's terms, the payment mechanism around the completion of the project, including a high-level description of what happens if the contractor does not meet Total Availability by Target Total Availability Date>
What the contractor must do: The <Insert the length of the term here> year contract between the government and the contractor has a <Insert length of construction project here> construction period and a <Insert length of maintenance/operating period here> maintenance <or maintenance/operating> period. It requires the contractor to:
• <Briefly describe the contractor's obligations in bullet form here>
Payments reduced for non-performance: <Briefly describe the key terms of the payment mechanism here. Refer the reader to the appropriate Schedule in the project documents, which should be up on the website by the time this report is released>
<Refer the reader to the sample of payment adjustments in Appendix G>
<Refer the reader to the procurement documents and redacted copy of the Agreement on the website>
<Take this opportunity to discuss any potentially controversial contract terms or other aspect of the project that have presented themselves during the procurement, e.g., who owns the asset? What happens at the end of the agreement term? How do we know the contractor will stay around for the duration of the contract? Etc.>
____________________________________________________________________________________________________________
7 <Describe the formula and data sources used to calculate the index factor here>