The terms used for 'Development Phase', 'Operational Phase' and related definitions should not be amended on a project specific basis, even where the Project does not include 'operation' of the Project Assets by Project Co.
The elements of the Term that will be considered on a project specific basis are:
• the proposed length of the Development Phase, which will be bid back by the Successful Respondent;
• the length of the Operational Phase, which will be determined by the State;
• whether a more complex, staged Development Phase or Operational Phase is required. For example, if there are multiple facilities being delivered or if delivery needs to be staged across an existing operating site; and
• whether liquidated damages are required in respect of delays to Commercial Acceptance.