This is the 1943rd most frequent German word.
derzeitigen
"Derzeitigen" means "current" or "present."
In this sentence, 'derzeitigen' is used as an adjective describing the regulations, indicating their status as currently in effect.
Die derzeitigen Vorschriften verlangen zusätzliche Sicherheitsmaßnahmen.
The current regulations require additional safety measures.
Here, 'derzeitigen' modifies the noun 'Umstände' (circumstances), referring to the conditions or state at present.
Die derzeitigen Umstände machen eine schnelle Entscheidung notwendig.
The current circumstances necessitate a quick decision.
'Derzeitigen' in this context describes the phase of the project, specifying that it is the present or ongoing phase.