Common use of Cost Transparency Clause in Contracts

Cost Transparency. ‌ 26.4.1 Upon receipt of the Contractor's Estimate in relation to a change requested pursuant to clause 26.2, the Company shall ensure it has obtained the relevant pricing information from the Contractor for the Change requested and where there are any additional FM service costs or lifecycle costs, the Company must ensure that it has the requisite finance in place to cover any such ongoing cost as appropriate. The Company shall in any event ensure that it is able to pay for any Changes it proposes in relation to both capital expenditure and any future operational expenditure which the proposed Change gives rise to. 26.4.2 Subject to clauses 26.4.4 and 26.4.5 below, the Company shall be liable to pay all reasonable costs incurred by the Authority and the Contractor where any Change requested pursuant to clause 26.2 above necessitates any amendment or variation to the PFI Project Documents or financial modelling. Such costs may include but shall not be limited to any external advisor costs required by the Authority, the Contractor and related funder costs and internal officer charges for time incurred by the Authority's officers in carrying out any work on behalf of the Academy. In the event that any change requires external advisors to carry out any change to the PFI Project Documents on behalf of either the Contractor or the Authority, the Company shall be responsible for any such costs.‌ 26.4.3 Subject to clauses 26.4.4 and 26.4.5 below, if the Authority is required to undertake any additional performance monitoring and/or contract management obligations as a result of that Change requested by the Company pursuant to clause 26.2 above which is not already covered by way of an increase to the Relevant Proportion, the Authority shall be entitled to charge the Company for the cost of any such additional contractual obligations.