The Invitation to Submit Final Tenders and Selection of the Preferred Bidder

6.55 At an appropriate stage in the dialogue period following the development of comprehensive bids, the Invitation to Submit Final Proposals should be issued. It is important that all parties appreciate that Final tenders cannot change significantly once submitted. Before being invited to submit final bids, potential participants should have:

• an affordable and Value for Money proposal;

• agreed all points of principle on contracts (including agreement from financiers);

• a full financial model;

• confirmed with financiers draft term sheets for financing the project with acceptance of all points of principle on the contract, financial model and the internal allocation of risks with the bidding consortium;

• presented proposals that best meet the output specification;

• quoted a firm price which is affordable to the NHSScotland body;

• provided the best value for money of the options available.

6.56 These areas should be confirmed within the final bids. The final bids will be evaluated in accordance with the evaluation methodology. The factors noted above will all be covered in the relevant Key Stage Review Assessment.