8.1  Reducing bidding costs and saving time before selecting a Preferred Bidder remains a priority.

It is possible that anything up to 6 bidders may be running competitions for the provision of finance. This is inefficient, as each bidder will seek exclusivity with lenders supporting its bid, thereby naturally limiting full and efficient competition. Furthermore the indirect opportunity cost of lenders' PFI teams being tied-up allied to due diligence being repeated is not good VfM nor the best utilisation of the lending supply chain.