Project facilitation agreement
Following a decision to award major project status, and generally as a pre-condition to any public announcement concerning the award, the parties will enter into a project facilitation agreement (PFA).
A draft PFA is provided at attachment B and includes:
- objectives of the parties
- commitments of the parties
- governance arrangements relating to the delivery of the project including confidentiality arrangements
- detail around the project scope
- project milestones and deliverables
- term of major project status and the triggers for cessation or termination
- requirement for an industry participation plan (where relevant), and
- other issues specific to the project.
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