6  Updating the Catalogue

6.1  From the Contract Date the Catalogue shall be that set out in Appendix 1 to this Schedule 15 and, subject to paragraph 6.2, the rates set out therein shall be Indexed on each anniversary of the Contract Date.

6.2  On each [third (3rd)] anniversary of the Contract Date, the parties shall review the Catalogue with the intention of:

(a)  including in the Catalogue unit prices for any Low Value Change or any Change which does not affect the risk profile of the Project which the parties anticipate could occur during the life of the Project;

(b)  including time periods for the implementation of items listed in the Catalogue or otherwise agreed pursuant to paragraph 2, the carrying out of any works or implementation of any Change for the matters referred to in paragraph 6.2(a);

(c)  reviewing the unit pricing for each item, or works or services set out in the Catalogue to ensure that unit rates are consistent with prices prevailing for similar items or works or services in the market at the time and continue to provide value for money; and

(d)  updating the Catalogue to take into account any non-catalogue Low Value Changes which took place in the preceding Contract Year and which may occur again and should properly be included in the Catalogue.

6.3  No later than [February] of each relevant year, the Service Provider shall submit to the Authority any amendments to the Catalogue as required by the Authority or agreed by the parties pursuant to paragraph 6.2 together with evidence that the unit pricing and works and services set out in the Catalogue (or proposed amendment to the Catalogue) are consistent with prices previously agreed for similar items in the market at the time and continue to offer the Authority value for money.

6.4  The parties shall meet and endeavour, in good faith, to agree any amendments to the Catalogue.  Any dispute shall be referred to the Dispute Resolution Procedure.  No later than March of each relevant year, the Service Provider shall issue to the Authority an updated Catalogue which shall set out the agreed or determined amendments and shall constitute the Catalogue for the purposes of this Contract.

6.5  No later than [March] of each relevant year, the Service Provider shall issue to the Authority an updated Catalogue which shall set out the agreed or determined amendments and shall constitute the Catalogue for the purposes of this Contract.