Common use of COST IMPLICATIONS Clause in Contracts

COST IMPLICATIONS. All Change Notices must fully document all estimated Costs and Savings on an open book basis, including: (a) (amounts payable by or to Project Co): all amounts payable by or to Project Co for the proposed Change Compensation Event in accordance with this Schedule 4 (in the form of and including all information required pursuant to this Schedule 4); (b) (capital expenditure): whether or not any required capital expenditure can be accommodated within the next planned refurbishment or renovation of the Stadium or Sports Precinct (or both); (c) (cost of Insurance): the cost of insurance required to be effected under this Agreement; (d) (Financing Delay Costs): any Financing Delay Costs calculated in accordance with this Agreement; (e) (insurance moneys): all insurance moneys for which Project Co is entitled to make a Claim under any Insurances as a result of the relevant Change Compensation Event; and (f) (proposed form and timing for compensation): the proposed form and timing for compensation in accordance with Section 2.3(b) of Part A of this Schedule 4. For the purposes of this Section 4, “open book basis” will include Project Co providing a breakdown of the calculation of all relevant preliminaries, labour, equipment, materials, Subcontract, finance and other costs of Project Co and Project Co Associates in a clear and transparent manner and other information reasonably requested by the State including reasonably available source documents required to verify such calculation.