Authorities should:

• keep themselves well informed about market financing terms. This does not, however, diminish bidders' responsibility for submitting financeable bids

• keep financing options open and consider encouraging bidders to explore alternative options (such as capital markets) where these offer deliverability and VfM

• work with their financial advisers to understand the uses and limitations of standardised financing assumptions

• seek suitable levels of funder commitment or pricing at this stage

• work with their financial advisers to understand the counterparty risk they are taking