RTMC Model Conditions of Contract - Highways Agency

Regional Technology Maintenance ContractConditions of ContractZ1.2 Clause 11.2 is further amended by the addition of the following definedterms(20) Annual Discount Rate is the 2.5% discount to the Prices tobe implemented by the Contractor in each of the second,third, fourth and fifth years of the contract.(21) Not Used(22) Asset Support Contract is the Employer’s Contract with theASC Contractor for the maintenance and management ofassets within the Area Network including the provision ofthe Service Manager role under this contract.(23) ASC Contractor is the contractor under the Asset SupportContract(24) Appointed Actuary is the actuary appointed to theContractor’s Pension Plan from time to time in accordancewith Section 47 of the Pensions Act 1995 and theregulations made under it.(24a)The Area Network is the part of the motorway and trunkroad network and the associated buildings, infrastructureand amenities for which the Employer is responsible whichare within the area boundaries identified in the NetworkInformation, unless later changed in accordance with thiscontract and includes all/some of the Regional TechnologyNetwork.(25) Associated Company is• a Consortium Member or• any company, corporation, partnership, joint venture orother entity which directly or indirectly controls, iscontrolled by or is under common control with theContractor or a Consortium Member.The word “control” in this context means the ability orentitlement to exercise, directly or indirectly, at least 50 percent of the voting rights attributable to the shares or otherinterest in the controlled company, corporation, partnership,joint venture or other entity and the words “control” and“controlled” are construed.RTMC CoC, Issue 1, Rev 0 July 2011