5  AOC underrun or overrun

The AOC underrun or overrun component of the Risk or Reward Regime for the Project will be applied such that:

(a)  [insert]/[insert] (Project Owner/NOPs) upside reward/underrun sharing[, capped for NOPs at [insert]]; and

(b)  [insert]/[insert] (Project Owner/NOPs) downside risk/overrun sharing[, capped for NOPs at [insert]].

A diagram illustrating the mechanism for calculating the Gainshare Amount or Painshare Amount (as the case may be) based on AOC is shown below.

[insert].