New Project Proposal definition
Examples of New Project Proposal in a sentence
If the Local Authority approves a New Project Proposal (subject to any amendments to it agreed with the LEP), then the relevant New Project shall then be a Stage 1 Approved Project or be referred to as having received Stage 1 Approval, as the context requires.
Where one or more of the Benchmark Measures identified as Local Authority Requirements lie outside the Relevant Target Ranges this shall, for the purposes of paragraph 3.4 of Schedule 3, be treated as a material aspect of the New Project Proposal or New Project Final Approval Submission, as the case may be, which is unsatisfactory to the Local Authority and the Local Authority shall be entitled to reject the New Project Proposal or New Project Final Approval Submission as the case may be.
As part of the Local Authority’s consideration of a New Project Proposal pursuant to paragraph 3.4 of Schedule 3 the Local Authority shall consider whether the Benchmark Measures in the New Project Proposal or New Project Final Approval Submission fall within the Relevant Target Ranges in the Benchmarking Information Report.
In establishing whether the New Project Proposal or New Project Final Approval Submission offers value for money, cost is only one criteria that the Local Authority will consider.
If all Benchmark Measures lie within the Relevant Target Ranges then the rebuttable presumption is that the New Project Proposal or New Project Final Approval Submission, as the case may be, offers value for money on the measure on the criteria of cost only.
As part of its development of a New Project Proposal and/or New Project Final Approval Submission the LEP shall complete a Benchmarking Information Request for approval by the Local Authority.
Each New Project Proposal and each New Project Final Approval Submission shall be valid for a period of three (3) months from the date of its submission by the LEP.
If all Summary Benchmark Measures lie within the Relevant Target Ranges but up to [2] Elemental Benchmark Measures (if any) fall outside the Relevant Target Ranges then the rebuttable presumption is that the New Project Proposal or New Project Final Approval Submission, as the case may be, offers value for money on the grounds of cost alone save where the Elemental Benchmark Measures falling outside the Target Ranges were identified as Local Authority Requirements.
PfS will respond within 20 Business Days of receipt of a valid Benchmarking Information Request, and the LEP shall submit the Benchmarking Information Request in sufficient time to allow the response to be included in the New Project Proposal or New Project Final Approval Submission, as applicable, in accordance with Schedule 3.
This will be one but not the sole criteria in establishing whether the Local Authority considers the New Project Proposal satisfies value for money as part of the Approval Criteria.