Part 1 The new deal meets the revised objectives for the project but transfers some risks back to the public sector
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The Armouries' ability to deal with the financial crisis earlier was limited due to the provisions of the original deal
The Armouries
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ability to deal with the financial crisis earlier was limited due to the provisions of the original deal
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The agreement did not tie RAI down to a clear performance regime
The Armouries could not contribute to the museum's operating costs
The Armouries' access to RAI's financial information was limited
The Armouries could not respond quickly
There was concern over additional liabilities if RAI went into receivership