Current Templates Agreements
To encourage third party investment in the network, Network Rail developed a set of template agreements for schemes up to £50 million in overall value, approved by ORR in 2006. These were aimed at providing a more economic and efficient contractual framework and to give transparency on payments to Network Rail and on the company’s obligations and accountability in accordance with section 13 of the Dependent Persons Code of Practice.
There are nine different agreement types:
- Asset Protection Agreement
- Implementation Agreement (Emerging Cost Basis)
- Implementation Agreement (Fixed Price Basis)
- Development Services Agreement
- Framework Agreement (Basic Services, Development Services and Asset Protection)
- Basic Asset Protection Agreement
- Basic Implementation Agreement (Fixed Price)
- Basic Implementation Agreement (Emerging Cost)
- Basic Services Agreement
To assist our customers we have provided explanatory guidance notes on the different agreement types, please click on the link below for further details.
Customer explanatory notes for template agreements
The template agreements reduce barriers to investment by:
- Removing completely from the customer many of the onerous industry risks
- Capping the liability of customers for other industry risks
- Capping all risks for customers of small schemes under £2 million
- Extending and increasing Network Rail’s contracted liabilities to reflect agreed risk allocation
- Putting in place a framework to fund liabilities should these liabilities materialise