Common use of Project Review Clause in Contracts

Project Review. (a) If during the Project a party (Reviewer) forms the reasonable opinion that some aspects of the Project should be varied, then the Reviewer must promptly send the Governance Committee a notice giving details of the basis for its opinion and a proposal as to how the Project (and including the Project Plan if applicable) should be varied (Review Notice). (b) At the next meeting of the Governance Committee after receiving a Review Notice, or within 10 days after receiving a Review Notice at a specially convened meeting (whichever is the earliest) the Governance Committee will discuss the proposed variations to the Project to address the concerns raised in the Review Notice. (c) If the Governance Committee agrees to vary the Project, it may: (i) approve a variation to the Project Plan to implement the Review Notice; or (ii) if an amendment to the Agreement is required, recommend that each party execute a written variation in accordance with clause 23.6. (d) Subject to clause 7(c), the parties must continue working in accordance with the unaltered Project Plan and this Agreement.

Project Review. ‌ (a) If during the Project a party (Reviewer) forms the reasonable opinion that some aspects of the Project should be varied, then the Reviewer must promptly send the Governance Committee a notice giving details of the basis for its opinion and a proposal as to how the Project (and including the Project Plan if applicable) should be varied (Review Notice). (b) At the next meeting of the Governance Committee after receiving a Review Notice, or within 10 days Business Days after receiving a Review Notice at a specially convened meeting (whichever is the earliest) the Governance Committee will discuss the proposed variations to the Project to address the concerns raised in the Review Notice. (c) If the Governance Committee agrees to vary the Project, it may:may:‌ (i) approve a variation to the Project Plan (excluding any variation to the Funding) to implement the Review Notice; or (ii) if an amendment to the Funding or the Agreement is required, recommend that each party execute a written variation in accordance with clause 23.6. (d) Subject to clause 7(c), the parties must continue working in accordance with the unaltered Project Plan and this Agreement.