MAJOR PROJECTS Clause Samples
MAJOR PROJECTS. A major project is a project with an estimated total cost in the year of expenditure of over $500 million and one that involves any amount of Federal financial assistance. FHWA and CDOT will place special emphasis on major projects including more extensive review of project costs estimates, thorough Cost Estimate Reviews (CER), Project Management Plans (PMP), risk analysis and the development of Finance Plans. Detailed guidance on FHWA’s expectations are found on FHWA major project website including an FHWA memorandum from FHWA Administrator dated January 19, 2007 - ▇▇▇▇▇://▇▇▇.▇▇▇▇.▇▇▇.▇▇▇/majorprojects/
1. Risk Management Tool: FHWA will utilize a document titled “Risk Management Tool for Managing the Planning/Environmental Phases of Prospective Major Projects,” located on FHWA major project website: ▇▇▇▇▇://▇▇▇.▇▇▇▇.▇▇▇.▇▇▇/majorprojects/resources/mpg_rm_tools.cfm
2. Cost Estimate Reviews (CER): Prior to submitting an EA or FEIS to FHWA, CDOT shall coordinate with the Division Office to schedule a risk based Cost Estimate Review of the preferred alternative. CER requirements can be found at 23 U.S.C. § 106(h)(3). Guidance on cost estimating is found on FHWA major project website: ▇▇▇▇▇://▇▇▇.▇▇▇▇.▇▇▇.▇▇▇/majorprojects/cost_estimating/
3. Project Management Plan (PMP): A draft PMP must be submitted to FHWA for review prior to approval of the NEPA decision document (within 60 days prior to submittal of the Decision document). FHWA will provide comments and CDOT shall submit a PMP for approval within 90 days of the date of the signed NEPA decision document. This document should clearly define the roles, responsibilities, processes, and activities necessary to manage the project, which will result in the major project being completed on time, within budget, and with the highest degree of quality and safety. A PMP must be approved prior to any federal action such as authorizing federal funds for ROW or construction. Also, during construction, the PMP must be revised and updated periodically as needed to reflect current status of the major project. PMP requirements can be found at 23 U.S.C. § 106(h)(2). Guidance on a PMP is found on FHWA major project website: ▇▇▇▇▇://▇▇▇.▇▇▇▇.▇▇▇.▇▇▇/majorprojects/pmp/
4. Finance Plans (FP): For Projects greater than $500M, an Initial Finance Plan (IFP) shall be submitted for review and approval prior to construction authorization. The IFP shall be submitted to provide sufficient time such that review and approval can be obt...
MAJOR PROJECTS. The Parties will use the following collaborative decision-making framework for major projects:
(a) the Collaboration Working Group will oversee all major approvals for major projects in the Territories from the onset of project development;
(b) the Collaboration Working Group will seek to develop consensus recommendations in relation to the design and implementation of environmental assessments and regulatory review processes in relation to major approvals in the Territories;
(c) the Parties will seek consensus in relation to decisions on major approvals;
(d) the Parties will use dispute resolution mechanisms to assist them in resolving disagreements on decisions for major approvals before making their respective decisions; and
(e) if disagreements cannot be resolved through the dispute resolution mechanisms, each Party may exercise its authority to make decision(s).
MAJOR PROJECTS. The Borrower undertakes that it will provide the Lead Arrangers with disclosure of every Major Project undertaken by one or more Group Members either, in the case of a project whose capital cost to the Smedvig Group on a consolidated basis is originally budgeted to exceed one hundred million Dollars (USD100,000,000), immediately after such project is approved by the Board of Directors of the Guarantor or other relevant Group Member or Group Members or, in the case of a project whose capital cost to the Smedvig Group on a consolidated basis was originally budgeted not to exceed one hundred million Dollars (USD100,000,000) but has subsequently exceeded that figure, at such time as such cost overrun has become evident. For these purposes disclosure means a written presentation of such Major Project containing contractual particulars and a financial analysis and estimates both of its capital cost and the time for completion of its various stages and a review of any other issues which are material to fulfilment of such project.
MAJOR PROJECTS. 1.1 Without prejudice to any other obligation of the Franchisee under the Franchise Agreement, the Franchisee shall, to the extent so requested by the Secretary of State co-operate and liaise to the extent reasonably required with Network Rail, the Secretary of State and all the relevant parties in connection with any major project developed during the Franchise Term including but not limited to:
(a) HS2;
(b) Birmingham New Street Station project;
(c) The electrification of the route between Liverpool and Manchester via ▇▇▇▇▇▇-le-Willows and the routes on the North West which would permit trains to operate on the Liverpool – Preston – Blackpool and Manchester – Preston – Blackpool routes;
(d) Bletchley remodelling;
(e) ▇▇▇▇▇▇▇▇ area remodelling;
MAJOR PROJECTS. Over 40% of the borough is covered by current or planned regeneration - including Elephant and Castle (London’s largest ever redevelopment scheme by a single borough and costing £1.5bn). We also have regeneration of the Aylesbury estate, and ongoing change in Bermondsey, Canada Water, and ▇▇▇▇▇▇▇. Southwark Council’s Major Project Department has been set up to ensure that these major capital projects deliver our residents’ aspirations of better housing, better transport, more employment opportunities, better health and better education. This will have a major impact on the delivery of our crosscutting LAA outcomes. The Southwark Plan, adopted in July 2007 is one of the most important tools to achieve the objectives of the community strategy. The new Local Development Framework will update and develop this spatial vision and bring in detailed programmes for delivery of the major growth in population and jobs. We are proceeding with area action plans in key areas of regeneration at Aylesbury, ▇▇▇▇▇▇▇ and Canada Water in advance of the core strategy, but work is starting on a core strategy as the overarching programme for the spatial planning of the borough.
MAJOR PROJECTS. The parties agree that the rates of pay and benefits detailed in Appendix AA will apply where the Company is the principal contractor and the project is more than $35million in value exclusive of GST.
MAJOR PROJECTS. 5.1 Without prejudice to the Franchisee’s rights and obligations under Schedule
MAJOR PROJECTS. Major Projects are those projects receiving Federal financial assistance with an estimated cost of $500 million or more, or projects that have been identified by the United States Department of Transportation Secretary as being "Major" because of special interest. The NEPA decision for each project defines the project scope, limits, and cost for each category of project. The preparation of an initial PMP during the project's environmental study is critical to ensure that the project is delivered in an efficient and effective manner. The initial PMP shall be prepared by NHDOT and submitted to the FHWA prior to the submission of the NEPA decision document for the project. The PMP is to be a living document in which revisions will be issued as the project progresses in order to add, modify, or delete provisions, with the result being the most effectively managed project. PMP guidance is posted on the FHWA Major Project Web site. Major Project Cost Estimates are required to be prepared and updated by NHDOT. To validate the Cost Estimates, FHWA will perform at least one review prior to approving the NEPA decision document, and another review prior to authorization of the first mainline construction contract. Additional reviews may be required any time an update of the Financial Plan or PMP shows a significant change to the Cost Estimates or schedule. Details for developing Cost Estimates can be found on the FHWA Major Project web site. Every Major Project also requires the development and submittal of a Financial Plan. A Financial Plan is a comprehensive document that reflects the Project's cost estimate and revenue, and provides reasonable assurance that there will be sufficient financial resources available to implement and complete the project as planned. The plan should clearly explain the assumptions about both cost and revenue upon which the plan is based. Financial Plans for Major Projects shall be prepared by NHDOT and submitted to the FHWA. The initial Financial Plan should be prepared as early in the project development process as practical. In all cases, the initial Financial Plan must be submitted and approved by FHWA before authorization of Federal-aid funding for project construction. Financial Plans are to be updated annually. The annual updates of the Financial Plan should provide information on actual costs, expenditures, and dedicated revenue in comparison to initial estimates. Additionally, updated estimates of future years’ costs, expenditur...
MAJOR PROJECTS. CONFIDENTIAL TREATMENT REQUESTED – REDACTED COPY
MAJOR PROJECTS. 1.1 Without prejudice to the Franchisee’s obligations under Schedule 1.7 (Extended Restrictions of Use) of the Terms the Franchisee shall, to the extent so requested by the Secretary of State following consultation with the Franchisee and other train operators likely to be affected by major projects, co-operate and liaise to the extent reasonably required with Network Rail, the Secretary of State and all the relevant parties in connection with any major project developed during the Franchise Term including without limitation:
(a) London 2012 Olympic and Paralympic Games;
(b) Gloucestershire Parkway Station;
(c) Birmingham New Street Station “gateway” project;
(d) Reading Station development;
(e) Worcester Parkway;
(f) the Intercity Express Programme;
(g) Worle Strategic Interchange;
(h) Kenilworth Station;
(i) Channel Tunnel rail link and new St Pancras Station;
(j) West Coast Route modernisation;
(k) Network Rail re-signalling schemes; and
(l) ATOC fares simplification scheme.
1.2 In fulfilling its obligation to co-operate and liaise pursuant to paragraph 1.1 the Franchisee shall amongst other things seek to:
(a) participate in a positive and constructive manner and in a way which offers full transparency of information available to the Franchisee to the Secretary of State; and
(b) identify solutions that minimise overall rail industry costs.