Unless this Deed expressly states otherwise, the amount payable (AP) in respect of a Change Compensation Event which occurs during the Development Phase is calculated as follows:
AP = BCM + DelC - S |
where: |
|
AP = | (a) the amount payable to Project Co, where AP is a positive amount; or |
| (b) the amount payable to the State, where AP is a negative amount; |
BCM = | where applicable, the amount of any Base Costs plus, where applicable, Agreed Margins on those Base Costs. BCM is calculated in accordance with section 3.3; |
DelC = | where applicable, the amount of any Development Phase Finance Interest and Prolongation Costs. DelC is calculated in accordance with section 3.4; and |
S = | the amount of any Savings. |
Where the Change Compensation Event is the preparation of a Modification Proposal under Item 9 in Table 1, BCM = Consultant Costs.