Gate 3 Review definition

Gate 3 Review means the formal review of the final feasibility report produced at the completion of the stage 2 engineering for each component of the Project in accordance with the agreed stage gate process. This report shall describe the basic engineering of the facilities, class 1 cost estimate within a range of +/- ten percent (10%) (or such other level as agreed by the Parties), HAZOP study, technical and financial risk assessment, constructability and operability review, operational readiness review, level 1 master schedule, value improving processes, final project execution plan, EPC/EPCM contract documentation and any other items as agreed by the Parties;
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Gate 3 Review means Gate 3 Review as described in the FPMF;
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Gate 3 Review means the formal review of the final feasibility report produced at the completion of the stage 2 engineering for each component of the Project in accordance with the agreed stage gate process. This report shall describe the basic engineering of the facilities, class 1 cost estimate within a range of +/- ten percent (10%) (or such other level as agreed by the Parties), HAZOP study, technical and financial risk assessment, constructability and operability review, operational readiness review,
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Examples of Gate 3 Review in a sentence

  • The Authority shall carry out the Gate 3 Review and shall notify the Hosting Supplier of the outcome within 10 Working Days of the Project Board (provided that the relevant Transition Documentary Deliverables have been submitted on time and met the Quality Criteria, as agreed at the Project Board or through Dispute Resolution and otherwise within 10 (ten) Working Days of the Transition Documentary Deliverables being determined or agreed as meeting the Quality Criteria).

  • Following the agreement of the Project Board, the FITS PMO will organise a review (a Gate 3 Review) and conduct a pre-gate health check, to ensure that the Transition Documentary Deliverables meet the Quality Criteria.

  • The Gate 3 Review shall determine whether the Project may proceed to the execution stage.

  • The Gate 3 Review shall be conducted by the Authority (involving those stakeholders identified in the PID).