Exercising the reserved right to require a DFC

A.60  As noted in A.26, Authorities should reserve the right to require the preferred bidder to run a DFC. Factors to be considered in deciding to exercise this right include the length of time between preferred bidder and financial close, the materiality of market movement since the submission of financing terms, the deliverability of the existing funding package and the degree to which the bidder can demonstrate competition in assembling its proposed finance package.