Guidance Note - The Project Owner must determine whether Corporate Overhead and Profit will be payable to the NOPs under the Agreement as:

Alternative 1 - a mark up percentage on the NOPs' actual Reimbursable Costs incurred under the Agreement;

Alternative 2 - as a fixed amount with reference to the NOPs' Reimbursable Costs component of the TOC; or

Alternative 3 - as a fixed dollar figure.

This election will need to be reflected in this Schedule.

In addition, the Project Owner must determine whether a single Corporate Overhead and Profit percentage figure or amount will be specified in the Agreement or individual percentage figures or amounts specified for each of the NOPs in the Agreement. This Schedule contemplates a single Corporate Overhead and Profit percentage figure or amount being specified.

Whichever alternative is utilised, the Project Owner will need to ensure that any amounts payable by the Project Owner to the NOPs as Corporate Overhead and Profit under the Agreement have not otherwise been reimbursed to the NOPs as Reimbursable Costs (i.e. there is no double recovery of costs by the NOPs under the Agreement). The Project Owner should consider requesting a detailed breakdown of the NOPs' proposed Corporate Overhead and Profit as part of the RFP for the Project or during the AD Phase.