Common use of QA/QC Clause in Contracts

QA/QC. This task includes: • A thorough QA/QC approach suitable for investment-grade studies • Undertaken at key stages in the study such as model calibration, future model development and assumptions, and review of T&R estimates • Sensibility reviews • Performed by qualified staff not otherwise involved in the technical analysis of the study C&M will produce a comprehensive T&R report, which will include the following sections: • Executive Summary • Project description and toll regime • Current traffic conditions and historical growth of screenlines, including information on travel patterns and journey times • Description of road network, recent improvements, and capacity-improvement plans (this section will include network maps by model year detailing future network improvements) • Socioeconomic review—historical and forecasted—and information on special generators in the area • Model development and forecasting methodology, including a summary of the model calibration process and model validation statistics • Value of time and forecast factor analysis • Final transaction and revenue forecasts for the required forecast horizon with a detailed assumptions table • Sensitivity analysis methodology and results Other deliverables will include spreadsheets with T&R results. C&M will provide a Draft Report detailing the results of its T&R study and the components described above. After review by CTIO, C&M will respond to comments, revise the report as needed, and provide a Final Report.