When utilising bespoke models there is no requirement to reconcile different VfM quantitative outturns between Stages 1, 2 and 3.
In circumstances where public funding (for example, via the prudential regime) is part of a potential NPD solution, the quantitative assessment models utilised to test VfM of an NPD funding solution and Conventional Procurement should reflect the applicable terms of the public funding.
The assumptions included in both the CPAM and the shadow bid model should be based on the current market rates within the relevant sector, incorporating project specific adjustments if necessary. Further information on banked rates can be obtained from SFT.