Material changes would include:
• The retention of a risk originally approved to be transferred to the private sector.
• Changes in ownership of the capital asset.
• Changes to financing, payment or revenue mechanisms.
If these conditions are violated, the award of the Agreement must be referred back to Treasury Board for re-approval.
Changes in project scope that result in the deletion or addition of capital work that changes the PSC initial capital cost by +/- 15% need to be reassessed for value for money (Section 5) and resubmitted for approval.