Examples of Project Alliance Agreement in a sentence
For the purposes of convenience, in this RFP the expression “Proponents” also includes: (i) Prequalified Parties prior to the submission of their RFP Proposals and (ii) a Shortlisted Proponent prior to the execution of a Project Alliance Agreement with the Signing Parties.
The structure of the Alliance will be more fully described in the Project Alliance Agreement, the Governance Plan and the Responsibilities Matrix, and will include an Alliance Leadership Team, Alliance Management Team, Alliance Project Team and Alliance Director.
If any Identified Proponent Party is a joint venture this must be disclosed in the RFP Proposal, and in that event, Proponents are advised that the Sponsors may insert new clauses in the Alliance Development Agreement and Project Alliance Agreement to ensure that the Alliance Development Agreement and Project Alliance Agreement and their respective obligations take precedence over the terms of any joint venture.
A commercial and legal framework will be developed and included in the Project Alliance Agreement which seeks to align the commercial interests of all Participants.
Each Proponent Team Member of the Shortlisted Proponent that is proposed to become a Non-Owner Participant will be required to sign the Alliance Development Agreement on its own behalf, and each Proponent Team Member of the Successful Proponent that is proposed to become a Non-Owner Participant will be required to sign the Project Alliance Agreement on its own behalf.
The AD Phase is the second phase of the RFP Process that immediately follows the RFP Phase and is intended to result in the identification of the Successful Proponent, whose Proponent Team Members will sign the Project Alliance Agreement with the Signing Parties.
Once the Signing Parties and the Proponent Team Members of the Successful Proponent that are to become Non-Owner Participants have executed the Project Alliance Agreement, the terms and conditions of the Project Alliance Agreement shall determine how the Project is to proceed.
Under no circumstances shall the Proponent, except Participants (as defined in the Alliance Development Agreement and Project Alliance Agreement) in relation to this Project, be liable to the Sponsors, Her Majesty the Queen in Right of Ontario or to any other person or entity for any damages, losses, costs, expenses, claims or actions whatsoever arisingdirectly or indirectly from the use of the RFP Proposal Information pursuant to the RFP Proposal Information Licence.
Except as explicitly provided in the Project Alliance Agreement, the Sponsors do not represent or warrant the accuracy or completeness of any information set out in the RFP Documents or made available to Proponents or Proponent Team Members in the Data Room as Background Information or of any other background or reference information or documents prepared by the Government of Ontario or by third parties and which may be made available to Proponents or Proponent Team Members by or through the Sponsors.
The Sponsors may determine that certain construction insurance to be provided in respect of Early Works under the Alliance Development Agreement and in respect of Works under the Project Alliance Agreement will be obtained under a Metrolinx obtained Owner Construction Insurance Program (“ OCIP”), as set out in the RFP Data Sheet.