6.1.1 Tenderers base their bids on information provided by the Authority in the tender documents and the Authority should make it clear whether or not such information has been verified. 111
6.1.2 The Contract should determine who should bear the risk if information on which a Contractor relies in its bid subsequently proves to be incorrect. This includes determining who should bear the risk of latent defects appearing in assets transferred from the Authority to the Contractor.
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111 The Authority will assist its position, obtain quicker contract signature and secure better value for money, if it ensures that, prior to the bid phase, all assets to be contributed by the Authority to the Project are properly vested in the Authority.