Appendix D: Acronyms

AOC

Actual Outturn Cost, on completion of the project

BCAR

Business Case Alignment Report

D&C

Design and Construct

DTF

Department of Treasury and Finance, Victoria

ECI

Early Constructor Involvement

EOI

Expression of Interest

OE

Owner's Estimator

KPI

Key Performance Indicator

KRA

Key Result Area

MCOS

Minimum Conditions of Satisfaction

NOP

Non Owner Participant

OCT

Owner's Comparative TOC

OP

Owner's Participant

OR

Owner's Representative

PAA

Project Alliance Agreement, at the beginning of the alliance

TOC

Target Outturn Cost, estimated by the alliance

VfM

Value-for-Money
(as specified in the Owner's VfM Statement associated with the Owner's Business Case)

WBS

Work Breakdown Structure