High Value Change Notice Sample Clauses

High Value Change Notice. Where the Authority wishes to propose a High Value Change, the Authority shall: submit a written request for the Contractor to produce outline proposals for any High Value Change (a High Value Change Proposal), including indicative funding proposals, setting out the maximum available capital and/or revenue the Authority is able to commit to that High Value Change (the Target Cost). identify any requirements in relation to the High Value Change that must be satisfied as part of the High Value Change Proposal (the High Value Change Requirements); and identify how the Authority shall assess whether the High Value Change Stage 2 Submission offers it value for money. The Parties may agree written protocols with express reference to this Part 4 which explain or clarify any aspects of the High Value Change approval procedure set out in this Part 4 and such protocols shall be read as if incorporated into this Part 4 (including accelerated procedures with reduced requirements for High Value Changes of relatively low values). Without prejudice to the generality of paragraph 2.2 of this Part 4, the Parties shall: within five (5) Business Days of receipt by the Contractor of any High Value Change Notice, discuss and review the nature of the High Value Change, including a discussion as to which of the items set out in paragraph 3.2 of this Part 4 are appropriate to be included within the High Value Change Proposal; and within five (5) Business Days of a High Value Change Proposal becoming a Stage 1 Approved Project, discuss and review the nature of the Stage 1 Approved Project, including a discussion as to which of the items set out in paragraph 4.3 of this Part 4 are appropriate to be included within the High Value Change Stage 2 Submission. High Value Change Proposal The Contractor shall notify the Authority in writing as soon as practicable and in any event within fifteen (15) Business Days after having received the High Value Change Notice if in its opinion and/or in the opinion of the Senior Lenders, acting pursuant to the terms of the Senior Financing Agreements, any of the circumstances outlined in paragraph 1 of this Part 4 apply. If no such notice is served, the Contractor shall (within thirty (30) Business Days of its request issued in accordance with paragraph 2 of this Part 4) submit either a High Value Change Proposal to the Authority or shall provide confirmation as to when the High Value Change Proposal will be provided to the Authority (provided that th...
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High Value Change Notice. Where the Authority wishes to propose a High Value Change, the Authority shall:
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Related to High Value Change Notice

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