Article 8 High value criterion in respect of a late-model tender exercise

(1)

A project must have an estimated capital expenditure equal to or greater than £100,000,000.

(2)

In this regulation “estimated capital expenditure” means an estimate of the total costs of a project, calculated by reference to one or more of the following—

(a)

any costs relating to the purchase of component parts;

(b)

construction costs;

(c)

the costs of the acquisition of land on which it is to be situated;

(d)

the costs of compliance with the conditions attached to planning consents and property rights;

(e)

the costs of third-party works upon which a project’s electricity solution’s operation depends;

(f)

project management costs;

(g)

itemised risk and contingency allowances;

(h)

costs relating to the procurement of itemised goods, services and works;

(i)

any other costs that are reasonably integral or relevant to the arrangement, construction, commissioning, procurement, operation or function of the project’s electricity solution.