The purpose of the AD Phase is for the Shortlisted Proponents to work with the Project Owner to develop a final, fully costed, detailed and binding proposal (Project Proposal). The Shortlisted Proponent's proposed solution to deliver the Project will need to be developed to a level of detail to enable the Shortlisted Proponent to submit a full Target Outturn Cost (TOC) as part of the Project Proposal. The Shortlisted Proponents will also be required to execute and submit a Project Alliance Agreement as part of the Project Proposal.
Based on the Project Proposal (including the final form of the Project Alliance Agreement (PAA) included in the Project Proposal) and the Project Owner's interactive discussions with the Shortlisted Proponents during the AD Phase, the Project Owner will select a Successful Proponent. If the Project Owner requires amendments to the final form of the PAA provided by the Successful Proponent, to which the Successful Proponent agrees, the Successful Proponent and the Project Owner will execute an amended PAA once all approvals are in place. If not, the Project Owner may at its discretion revert to the [other] Shortlisted Proponent.
Guidance Note: This final sentence may be revised depending on the number of Shortlisted Proponents involved in the AD Phase. |