3.4 Unless Project Co has submitted a High Value Change Proposal in accordance with paragraph 3.1.1 of this Section 4 (High Value Changes), Project Co must deliver to the Authority the High Value Change Proposal as soon as reasonably practicable and in any event within the time period agreed or determined pursuant to paragraph 3.3 of this Section 4 (High Value Changes). Unless the parties agree otherwise, a High Value Change Proposal will contain at least the following information in sufficient detail to enable the Authority to make an informed decision under paragraph 3.6 of this Section 4 (High Value Changes):
3.4.1 a description of the High Value Change, with evidence of how the High Value Change meets the High Value Change Requirements;
3.4.2 an outline of the proposed building solution and design including an appropriate analysis/risk appraisal of, in each case to the extent relevant (if at all), the preferred investment solution contemplated in terms of new build, refurbishment, whole life costings;
3.4.3 the Change Management Fee for the High Value Change, which shall be a capped fee calculated in accordance with paragraph 10 of this Section 4 (High Value Changes);
3.4.4 details of the third party activity likely to be required by Project Co in developing a High Value Change Stage 2 Submission together with a budget (or budgets) for relative Third Party Costs;
3.4.5 an estimated programme for submission of the High Value Change Stage 2 Submission and for the implementation of the High Value Change;
3.4.6 any requirement for relief from compliance with obligations, including the obligations of Project Co to achieve the Actual Completion Date [Phase Actual Completion Date] by the Completion Date [relevant Phase Completion Date] and meet the requirements set out in the Authority's Construction Requirements and/or the Service Level Specification during the implementation of the High Value Change;
3.4.7 any impact on the provision of the Works and/or the Services;
3.4.8 any amendment required to this Agreement and/or any Project Document as a result of the High Value Change;
3.4.9 any Estimated Change in Project Costs that results from the High Value Change;
3.4.10 an outline of how Project Co proposes to finance any Capital Expenditure required for the High Value Change;
3.4.11 Project Co's suggested payment schedule for any Capital Expenditure to be incurred in implementing the Change that is to be borne by the Authority, based on milestones where relevant;
3.4.12 any new Necessary Consents and/or any amendments to existing Necessary Consents which are required;
3.4.13 costs and details of any other approvals required or due diligence permitted pursuant to paragraph 14 of this Section 4 (High Value Changes);
3.4.14 the proposed method of certification of any construction or operational aspects of the Works or the Services required by the proposed High Value Change if not covered by the procedures specified in Clause 17 (Pre-Completion Commissioning and Completion); and
3.4.15 a value for money assessment explaining why Project Co's proposals represent value for money taking into account both the proposed Capital Cost and Whole Life Cost.