1 The Project Owner intends to [insert description of Project] (Project).
2 The Project Owner developed the Project Owner's VFM Statement in respect of the Project.
3 The Project Owner selected the NOPs based on the Proposal and the selection process in the Request for Proposals to participate in the AD Phase, and, for that purpose, the Project Owner and the NOPs entered into the Alliance Development Agreement.
4 As part of the AD Phase, the NOPs developed the Project Proposal to achieve the Project Owner's VFM Statement in respect of the Project.
5 The Project Owner has accepted the Project Proposal under the Alliance Development Agreement, and the Project Owner and the NOPs have agreed to enter into this Agreement for the carrying out of the Project and performance of the Works in return for the payments set out in this Agreement.
6 The Participants have undertaken to enter into an alliance and perform their respective roles in relation to the Project in a spirit of cooperation and openness with the objective of performing the Works using an alliance relationship.
7 The Participants are committed to achieving the Project Owner's requirements in the carrying out of the Project and the performance of the Works, and in particular:
• achieving the Project Owner's VFM Statement; and
• meeting the Alliance Objectives.