11.25 One of the major areas of difference between different financial models is likely to be the funding structure. At the earlier stages of procurement, each participant should have appointed a financial adviser who will have commenced work on developing a funding structure and incorporating it in the financial model. However, funding terms will not be fully developed until later in the process.
11.26 By the time that a preferred participant is being selected, there should be support in the form of draft funding agreements approved by financiers that reflect the terms modelled.