6.2.1 Identify the need. Establish a clear brief on the advice required, with arrangements for variables. Test bidders' knowledge, understanding and commitment. Check references. Ensure there is value for money in a preferred bid. Build a relationship with advisers and learn from them. Check outputs against specification. Pay for results.
6.2.2 If you structure and conclude a deal well, value for money should be improved. If you appoint the right team of advisers, they should achieve this for you and effectively be self-financing.