Budget Revision/ Re-appropriation. 9.1.1 In order to minimize the administrative burden associated with revised budget requests, the Operator is allowed flexibility to adapt their quarterly and yearly spending patterns to match the changing circumstances of the project. In general, a formal revised budget approval request to the Authority will occur with the condition that no revision or re-appropriation is allowed for Management Fees, whereasother budgetary revisions/ re-appropriations may be allowed under the following terms. The proposed revised budget shall be submitted by the Operator to the Independent Expert and the Independent Auditor warranting advice and endorsement. Proposed changes allowed via budget revisions and/or re-appropriations if applicable will then be submitted to the Authority by the Independent Auditor. Notwithstanding the above the Authorityreserves its full discretion to approve or disapprove the budgetary Revisions and/or Re-appropriations proposed by the Independent Auditor on behalf of the Operator. The Budgetary revisions can be proposed by the Operator on yearly and quarterly basis subject to the condition that the Project Cost shall remain the same as submitted in the financial bid accepted by the Authority.
