The State is interested in receiving a degree of certainty in the way in which Project Co costs Change Compensation Events during the Development Phase and the Operating Phase, particularly in relation to margins that are included in the Change Compensation Event costing process.
To this end, Proposal Requirement E2.5 (Maximum Fixed Percentages for Agreed Margins) in Volume 1, Part B (Evaluation Criteria and Proposal Requirements) requires Respondents to competitively tender maximum fixed percentages for Agreed Margins for Change Compensation Events that occur during the Development Phase and the Operating Phase.