2.14 As Part 1 of this report sets out, the procurement of PFI projects is now subject to a new procurement procedure known as Competitive Dialogue. This procedure requires that a greater part of the deal is agreed during the competitive phase of tendering with all bidders, before a winning bid is selected. There are potential benefits from maintaining competitive tension for longer. However, there is also an increased risk that the private sector will become more selective in the face of potentially higher bid costs and longer periods without certainty of winning the competition. This makes it particularly important that bidders' concerns are met by procurement teams: ensuring that projects are properly prepared before they are brought to the market, that teams are suitably resourced and that there is access to existing experience of complex procurement, so as to bring down tendering times and costs.