19 LAND, EQUIPMENT AND OTHER PROPERTY INTERESTS

SoPC Section (or Clause)

Nature of Revision

Description of Revision

Drafting Change (shown in bold)

19 Land, Equipment and other Property Interests

Substantial rewrite of SoPCNI 2 Section 31

This Section continues to be Northern Ireland specific and has been substantially updated in the light of market experience in Northern Ireland (which is converging with what happens in England). In particular it:

• advocates early analysis of the required nature of the Authority's interest in the relevant asset (whether land or equipment)

• gives guidance on ways to handle the introduction of property to a Project, and on the disposal of property, and on the handling of residual values.