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Purchase
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A1
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Purchaser's Brief
A2
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A3
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A4
Risk allocation schedule
A5
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A6
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A7
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A8
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A4
Purchase order

Risk allocation schedule

Schedule

The Risk Allocation Schedule is attached but shall be in the following or similar form:

(See below for notes on the five columns)

Column 1

Column 2

Column 3

Column 4

Column 5

Description of risk

Amount (if any) included in Target Costs/ Contract Sum to meet the risk

Time consequences of the occurrence of the risk (if any) for which the Supplier will be responsible

Allocation of costs incurred in excess of column 2 allowance

Allocation of time consequences of occurrence of the risk in excess of the period (if any) in column 3*

Purchaser %

Supplier %

Purchaser %

Supplier %
             
             
             
* In relation to any time consequences for which the Purchaser is responsible (and for which the Supplier will be entitled to an extension of time) which are less than a day, the total of all extensions of time of parts of a day should be rounded up to the nearest whole day in relation to each Date or Dates for Completion.

Notes

  • Column 1 contains a description of the risk. To the extent that there is any disagreement on whether the relevant risk has occurred, that will be resolved in accordance with Dispute Resolution Procedure.

  • Column 2 contains the amount (if any) Included in the Target Cost/Contract Sum (whichever is applicable) relating to the relevant risk. If this amount is spent in full by the Supplier in meeting the risk, the extent to which the Purchaser is liable to contribute to any additional costs incurred by the Supplier in meeting the risk is shown in column 4. If all or part of that amount is not spent, there will be no adjustment to the Target Cost or Contract Sum (unless otherwise agreed in the Contract).

  • Column 3 contains the time consequences (if any) for which the Supplier will be responsible. If this period is exceeded, the extent to which the Purchaser is liable to contribute to any further period during which the Supplier is delayed is set out in Column 5.

  • Column 4 allocates responsibility for the actual cost incurred by the Supplier in relation to the risk as between Purchaser and Supplier after the amount (if any) shown in column 2 has been expended.

  • Column 5 shows how the time consequences of a relevant risk over and above the period of time (if any) for which the Supplier is responsible (as set out in column 3) are allocated between Purchaser and Supplier. To the extent that the Purchaser is responsible, an appropriate extension of time will be granted to the Supplier provided that the delay will affect the relevant Date or Dates for Completion.

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