Special Announcement

Capital Works Committee Terms of Reference

Functions

1. To oversee works related matters other than those pertaining to the 3RS project and NCD development, including:
 
(a) to review and approve policies and procedures pertaining to the procurement of capital works, systems and equipment/assets;
(b) to review and approve(1) or make recommendations to the Board on the project scope and project control budget;
(c) to review and approve the procurement strategy and evaluation criteria for works, systems and equipment/assets contracts, and consultancy agreements;
(d) to review and approve(1) or make recommendations to the Board as appropriate on the award of contracts/agreements as mentioned in (c) above;
(e) to review and approve(1) or make recommendations to the Board, as appropriate, on any additional amount that exceeded the approved project control budget;
(f) to monitor the progress of major capital projects; and
(g) to make recommendations to the Board on the annual budget and the five-year plan for capital works, systems and equipment/assets.
2. To perform other functions as may be delegated to it by the Board.

(1) Up to $500M for works contracts and $100M for consultancy agreements.