This stage commences with the invitation to submit binding bids and concludes with signing a contract to deliver the project, provided that value for money has been demonstrated. A recommendation to Cabinet of the preferred proponent will be based on an assessment of all bids and identify that most likely to deliver the best value for money. A series of legal agreements will encapsulate the details of government requirements through the delivery and operation of the infrastructure service. Those agreements will also identify mechanisms to deal with contractual events such as imposition of performance standards, termination and/or transfer.