Term

Meaning

Alliance Charter

The charter (including the Alliance Principles, Alliance Purpose and Alliance Objectives) developed by the Participants for the performance of the Works and which underpins the relationship between the Participants under this Agreement and which is included as Schedule 1 of this Agreement.

Alliance Leadership Team

The alliance leadership team which is established by the Participants to provide leadership, governance and accountability and ensure that this Agreement runs as smoothly and efficiently as possible for the benefit of the Participants.

Alliance Management Team

The alliance management team which is established by the Participants to provide day-to-day leadership and management of the performance of the Works.

Alliance Objectives

Are set out in Schedule 1.

Alliance Principles

Are set out in Schedule 1.

Alliance Purpose

Is set out in Schedule 1.

Best-for-project

An approach, decision, method, solution, interpretation, outcome or resolution that is consistent with both the Alliance Principles and the Owner's VfM Statement.

Participants

The Participants in the performance of Works under the alliance contract.

Relevant Period

The period commencing on the date of this Agreement and ending on:

a date agreed by the Alliance Leadership Team; or

failing agreement, the date necessary to ensure that all Participants comply with any Legislative Requirement relating to record keeping.

Statutory Requirements

Includes:

Acts of Parliament;

authorisations;

directions given under a statutory power which affect the performance of the Works; and

all other laws, regulations, conventions, orders, directions, guidelines and policies given by or on behalf of any Government agency which may apply to the Works.

Target Outturn Cost or TOC

The specific sum developed by the Participants and approved by the project Owner under the Alliance Development Agreement as being the pre-estimate of the Reimbursable Costs, Corporate Overhead and Profit and Risk & Contingency Provisions for bringing the works to a stage where the Final Certificate can be issued under this Agreement, as set out in the Project Proposal.

Works

The whole of the works and services which the Participants are or may be required to carry out under this Agreement.