The Change Management Fee is to reimburse Sub-hubco for the time spent by its employees in project managing the development, procurement and implementation of the High Value Change and shall:
10.1 be based on actual time spent (validated by time sheets);
10.2 be calculated at the daily rates as set out in Appendix 2 Part 3 to this Schedule Part 16 (Change Protocol), but capped at the sum set out in the High Value Change Proposal;
10.3 not include the time of any person who is not employed by Sub-hubco;
10.4 not include any mark-up or profit or additional overheads;
10.5 be paid in three stages as follows:
10.5.1 on Stage 1 Approval;
10.5.2 on Stage 2 Approval; and
10.5.3 when any works involved in the High Value Change have been completed,
and at each stage Sub-hubco shall charge the Authority (subject to the applicable cap) only for the time incurred by its staff up to completion of that stage.