Section 7.2 Project Reports 

- Within _____ calendar days from receipt of the notice referred to in Section 7.1, the Contract Management Body shall meet and agree on the form of the report, the method for monitoring and obtaining the information required, the Party responsible for monitoring and reporting on each of the indicators and the frequency that each indicator should be monitored and reported.

The Parties shall ensure that Project Report will contain the performance indicators to determine the PROPONENT's and LGU's compliance with their respective obligations under the Agreement, the major risk factors for the PROJECT, events and conditions that has occurred which materially affects the PROJECT and all other material information that may be included by the Parties.