CCM offered the RTA an upfront payment of $100.1 million for the winning bid (i.e. the non-conforming 'Long 80' option), as shown earlier in Exhibit 2.2. This payment comprised:
■ a Development Fee of $54 million
■ a BCF of $46.1 million.
The Development Fee was intended to reimburse the RTA for the cost of works connected with the tunnel. The RTA is using the total payment to cover its costs. Once all claims have been settled, the costs will exceed the upfront payment and no BCF will remain. See Section 3.3, Chapter 3.