Whilst the type of Change being considered in relation to NZ is unlikely to be listed in the Catalogue, there might be opportunities to utilise the Low Value Change individual cap and this should be considered, where applicable, by an Authority as it may represent the best option in terms of value for money. The process steps set out below assume that the Catalogue is not relevant in this scenario.
No changes are to be made to the Project Agreement or any Project Document as a result of a Low Value Change, unless otherwise agreed between the parties.
LVC Process Steps (abridged)
Authority Change Notice | Notice issued by the Authority in accordance with the Change Protocol schedule. |
Project Co response | Project to notify the Authority of: - cost of implementing the Change - timeframe for implementation. |
It should be noted that Project Co is not entitled to charge an Authority management fees, margin, overheads, contingencies etc. and may not charge an Authority for processing, implementing or managing a Low Value Change. | |
Derogated Low Value Change Notice | Notice issued by the Authority in accordance with the Change Protocol schedule. |
SPV response | Project Co has the right to reject the Notice if it considers that the proposed Derogated LVC does not comply with the requirements as set out in the contract. |