[1.1.3]

1.1.3 SoPCNI 3 contains new or updated material in relation to the following primary areas:

• the range of Services to be supplied under the Contract (Section 3.8);

• Price and Payment Mechanism (Section 7);

• Contract Management (Section 10.1);

• Change in Service (Section 13);

• Price Variations (Section 15);

• Changes to Project Documents and Financing Agreements (Section 16.11);

• Change of Ownership (Section 18);

• Land, Equipment and other Property Interests (Section 19);

• Authority Break Points (Section 21.5.4)

• Contractor's Records and Provision of Information (Section 26.2);

• Competitive Dialogue and Commitment Letters (Section 32);

• Refinancing (Section 34);

• Financial Robustness: Contractor Distress (Section 35);

• Bond Finance (Section 36); and

• Corporate Finance (Section 37).

See further SIB's document entitled "SoPCNI 3: An Outline of Principal Changes".

SoPCNI 3 officially extends the applicability of SoPC4 to Northern Ireland whilst at the same time adapting it to reflect Northern Ireland legislation and circumstances.