Fluctuations in financing costs prior to contract letting

2.19  A risk that may affect the delivery of a PFI solution within the Department's expected budget is that financing costs may fluctuate prior to contract letting. The current uncertainties in the financing markets have also led to increases in the financing costs of some of the Department's recent private finance projects in procurement. In some cases the scope of the PFI solution may need to be adjusted so that the project cost remains within the Department's original budget.