(a) Within fifteen (15) Business Days from receipt of the notice referred to in Section 10.1, the Contract Management Bodies of the Parties shall meet and agree on the form of the report which the Parties shall use as a tool to exchange information and to monitor, manage and evaluate the implementation of the Project ("Project Report"). At the same meeting, the Parties shall also agree on:
(i) the method for monitoring and obtaining the information required;
(ii) the Party responsible for monitoring and reporting on each of the indicators; and
(iii) the frequency that each indicator should be monitored and reported.
(b) The Parties shall ensure that the Project Report will have the following basic information:
(i) the Key Performance Indicators to determine the Company's compliance with its obligations under the Agreement;
(ii) relevant performance indicators to determine the Agency's compliance with its obligations under the Agreement;
(iii) major risk factors for the Project and the indicators to determine how such risk factors are affecting the Project;
(iv) the costs of the Project and the Services measured against their expected costs;
(v) any information required by relevant Government Authorities including government oversight agencies and public regulators in accordance with applicable Legal Requirements;
(vi) significant contract management actions taken by each Party;
(vii) any event or condition that has occurred which materially affects the Project or a Party's ability to comply with its obligations under the Agreement or if any of the representations made or warranties given by a Party ceases to be true in any material respect; and
(viii) all other material information that may be included by the Parties.