2.1 An Authority Change Notice for a High Value Change must:
2.1.1 state that is refers to a High Value Change;
2.1.2 set out the maximum available capital and/or revenue the Authority is able to commit to that High Value Change (the "Target Cost");
2.1.3 identify any requirements of the Authority that must be satisfied as part of the High Value Change Proposal (the "High Value Change Requirements"); and
2.1.4 identify how the Authority will assess whether the High Value Change Stage 2 Submission offers it value for money.
2.2 The parties may agree written protocols with express reference to this Section 4 (High Value Changes) which explain or clarify any aspects of the High Value Change approval procedure set out in this Section 4 (High Value Changes) and such protocols shall be read as if incorporated into this Section 4 (High Value Changes) (including accelerated procedures with reduced requirements for High Value Changes of relatively low values).
2.3 The parties must:
2.3.1 within five (5) Business Days of receipt by Project Co of any High Value Change Notice, discuss and review the nature of the High Value Change, including a discussion as to which of the items set out in paragraph 3.4 of this Section 4 (High Value Changes) are appropriate to be included within the High Value Change Proposal; and
2.3.2 within five (5) Business Days of a High Value Change Proposal becoming a Stage 1 Approved Project, discuss and review the nature of the Stage 1 Approved Project, including a discussion as to which of the items set out in paragraph 4.3 of this Section 4 (High Value Changes) are appropriate to be included within the High Value Change Stage 2 Submission.