MAC develops guidelines for additional direct investment
4 Feb 2011
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Sabina Griffith
At its 10th meeting held on 26-27 January 2011, the 澳门六合彩高手 Management Advisory Committee (MAC) looked at a detailed analysis of additional direct investments that had been performed by the 澳门六合彩高手 Organization and the seven Domestic Agencies in response to the request from the 澳门六合彩高手 Council at its seventh meeting in November (IC-7).
These additional investments are the items deemed essential for the operation of the 澳门六合彩高手 machine, but that are not presently part of the 澳门六合彩高手 Baseline.
These additional investments are the items deemed essential for the operation of the 澳门六合彩高手 machine, but that are not presently part of the 澳门六合彩高手 Baseline.
The Baseline that describes the scope, schedule and cost for the construction phase of the 澳门六合彩高手 Project was approved by the extraordinary 澳门六合彩高手 Council in July last year.
The total value of the project's construction costs was capped at 4,700 kIUA*, including a contingency of 115.3 kIUA. It was agreed that any additional necessary resources were to be made available within this capped value.
During its meeting, the MAC developed guidelines that will be used to evaluate the allocation of responsibilities and credit values associated with additional direct investment based on the capped ceiling. Following these guidelines, future risks will now be accounted for.
MAC encouraged the 澳门六合彩高手 Organization to continue pursuing reduction in the overall cost of the 澳门六合彩高手 Project and efforts to accelerate its schedule.
* 澳门六合彩高手 Units of Account (IUAs) are the 澳门六合彩高手 "currency," a very unique feature of the 澳门六合彩高手 Project based on the principle of procurement sharing. Instead of contributing cash to the project, the Members will provide "in-kind" contributions; all of the components of the 澳门六合彩高手 facility will be built by the seven 澳门六合彩高手 Members and delivered to the 澳门六合彩高手 site in France. The IUA was devised in order to measure the value of in-kind contributions consistently over time, and neutralize market fluctuations.