4.4.1 In traditional procurement, the Authority may expect to obtain parent company guarantees from the parent companies to the Contractor and/or the Sub-Contractors (in particular, the Construction Sub-Contractor) to support the obligation to deliver the Service on time. This is not, however, normally appropriate in PFI Contracts and should not be a pre-condition to acceptance of a tenderer's bid.
4.4.2 Rather, the necessary comfort and protection for the Authority can be provided through the Project Documents, the use of collateral warranties and or direct agreements between the Sub-Contractors and the Authority (see Sections 24.5 (Financiers' Security) and 29 (Authority Step-In)). Further discussion of this issue takes place in Section 24 (Indemnities, Guarantees and Contractual Claims).