Notes on Administration’ definition
Notes on Administration’ means the administrative requirements to support the implementation of Projects under this Agreement, as updated from time to time.
Notes on Administration’ means the administrative requirements to support the implementation of Projects under this Agreement, as updated from time to time. ‘Outturn cost’ means the sum of the price escalated costs for each year of a project’s duration, noting that further information is provided in the Notes on Administration (Outturn cost calculation requires the non-escalated or real project cost to be presented as a cash flow and the identification, justification and application of an appropriate escalation index for each project year in order to derive the price escalated cost each year).
Notes on Administration’ means the administrative requirements to support the implementation of Projects under the Schedule, as updated from time to time. ‘Project’ means a project approved under the NLT Act, including a program (as defined in Term 65(j)). ‘program’ means a rolling program of projects targeted to strategic outcomes or corridors, or a rolling program of low risk projects. ‘State Unallocated’ means the remainder of the total committed Commonwealth allocation for a State less commitments for Projects (this can include savings from closed Projects or Projects that have been withdrawn or cancelled). This unallocated funding will be used to contribute towards future priorities for that State i.e. to fund new Projects and/or cost pressures. ‘Sub-Program’ means the Black Spots Program, the Roads to Recovery Program, and any other purpose-specific funding program administered under the Schedule that is designated in the Notes on Administration as a Sub-Program. ‘Under consideration’ means business case funding has been committed to the project but there is no commitment to delivery funding and construction.