A.4 An Authority might take the view that financial markets will continue to improve and/or remain stable. This is not a robust approach. For Authorities to engage with the market effectively during the bidding process, it will be necessary to make clear that they have a robust strategy for accommodating both current and future market conditions. This is particularly important if market changes are sufficiently material to trigger a VfM re-evaluation (see 2.18).
A.5 The key requirement for any Authority is to run a procurement which is robust to future market changes and is seen as such by the market.
A.6 To reduce the risk of infringing procurement procedures, the OJEU notice and tender documents should be drafted sufficiently broadly to allow for the possibility of public sector financing and funding, including capital contributions.