2.3 TERMINOLOGY

2.3.1 In this guidance, the public sector party buying the Service is referred to as the "Authority" and its counterpart as the "Contractor",3 with the overall scheme referred to as the "Project". The agreement entered into between the Authority and the Contractor is referred to as the "Contract". When all those with a financial stake in the Project are referred to then the expression "financiers" is used. Accordingly, the term "financing" refers to all types of financial interest in the Project. Definitions are provided, where relevant, in the relevant chapter, and are repeated for ease of reference, in Schedule 1 (Definition). Schedule 1 also contains a list of all acronyms used.

2.3.2 Guidance is contained in Sections, while actual contract drafting is contained in Clauses (within the Sections). All contract drafting will be labelled as either "suitable/recommended" on the one hand or "required" on the other (see the required drafting table in Section 2.1.1 above).




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3 The Contractor will be a special purpose company established by the CGU (in conjunction with the Authority) at the start of the procurement and the winning bidder will take an equity stake therein, as explained in Section 5 (Public Sector Equity).