Affordability

4.21  To demonstrate affordability at this stage, it is necessary to develop a Shadow Bid Affordability Model, (typically developed by external advisers).

4.22  Note, at this stage, Procuring Authorities, Agencies and Directorates must have a high degree of confidence in respect of the affordability and balance sheet status of the project. Any impact of balance sheet status on central funding and support should be referred to individual Directorates.