Contract Flows for Master Integrator Agreement

Introduction

This document details the contract flows for the Master Integrator Agreement, specifically linked to the asset state transitions as outlined in the state diagram. These flows guide the progression of POD assets from design to operational status and ensure compliance with contract milestones.

Asset State Update Flow

Purpose

To update the asset state within the contract lifecycle, reflecting the progression of POD assets through various stages such as designed, staged, shipped, delivered, commissioned, installed, and operational. === Flow Diagram

asset-state-update-flow-diagram

Flow Description

  1. State Initiation: The asset enters the state machine upon the start of the design phase.

  2. Design Review and Approval: Following the design phase, the asset state is updated to 'designed' upon successful review.

  3. Staging Verification: Before shipping, assets are verified and transition to the 'staged' state.

  4. Shipment and Delivery Confirmation: The arrival of assets triggers the 'shipped' to 'delivered' state transition.

  5. Commissioning Process: After delivery, the commissioning process updates the asset state to 'commissioned'.

  6. Installation Verification: Successful installation leads to an update in the asset state to 'installed'.

  7. Operational Handover: The final transition to 'operational' occurs once the asset is fully installed, tested, and handed over for operations.

Execution Steps

  • Review and Validation: Each asset state transition is reviewed against the digital twin data and validated for compliance with design specifications and contract terms.

  • Approval: Transition to the next asset state is approved by the Project Management team.

  • Documentation: Each state transition is documented and recorded in the Corda DLT system for immutability and traceability.

Systems Involved

  • Digital twin platform for asset state validation.

  • Contract management system for transition approval and record-keeping.

  • Corda DLT system for ensuring the immutability of asset states.

Progress Payment Flow

Purpose

The progress payment flow ensures that payments are released in accordance with the verified progression of asset states from design to operation.

Flow Diagram

progress-payment-flow-diagram

Flow Description

  1. Milestone Association: Each payment is associated with specific asset state transitions, such as 'designed' to 'staged'.

  2. Transition Verification: Payment release is initiated upon verification of the asset state transition.

  3. Payment Approval and Disbursement: Following transition approval, payments are calculated, approved, and disbursed to the Master Integrator.

Execution Steps

  • Asset Transition Review: The Finance team reviews the transition against the digital twin records.

  • Payment Calculation: Payment amounts are calculated based on the contract terms associated with the transition.

  • Approval and Processing: The approved payment is processed and recorded in both financial and DLT systems.

Compliance Verification Flow

Purpose

To continuously verify that asset state transitions are in compliance with the contract specifications and milestones. === Flow Diagram

compliance-flow-diagram

Flow Description

  1. Compliance Checks: Each asset transition is audited for technical and contractual compliance.

  2. Issue Resolution: Any non-compliance issues are addressed, and corrective actions are verified.

  3. Record Update: Upon resolving issues, asset states are updated, and compliance is documented.

Execution Steps

  • Audit: The Compliance team conducts audits after each major asset state transition.

  • Logging and Resolution: Non-compliance is logged; required actions are taken to align with contract specifications.

  • Documentation: Compliance is re-verified and documented in the Corda DLT system.

Conclusion

These contract flows are critical to ensuring the Master Integrator Agreement is executed in accordance with the predefined asset states and transitions, facilitating transparent, traceable, and compliant progression of the project from inception to completion.