Authority Change Notice | Notice issued by the Authority in accordance with the Change Protocol schedule stating that it is an MVC. |
Project Co response | Project Co can refuse the Notice under circumstances as set out in the Change Protocol schedule. Project Co response will include a timeframe for providing the Estimate and an estimate of Third Party Costs it will incur in preparing the Estimate. |
Submission of the Estimate | The Estimate must contain the information as set out in the Change Protocol schedule including, for example, a timetable, a proposed design solution, a VfM justification, a breakdown of fees, costs etc. A set of principles which must be followed in preparing the Estimate is set out in the schedule. |
Determination of the Estimate | The parties meet to discuss and hopefully agree the Estimate. |
Confirmation or Withdrawal | The Authority confirms to Project Co whether the change is to go ahead or be withdrawn. |
Implementation of the MVC | Undertake the works required to implement the change (subject to necessary consents) and in accordance with the Estimate. |