8.5  Relevance of Retained Risk in bid evaluation

For projects where Retained Risk is included in the PSC, it should also be added to each of the private bids to allow a meaningful comparison with the PSC. However, the level of Retained Risk may need to be adjusted between bids to reflect the same level of risk transfer proposed by government. Inclusion of Retained Risk in private bids is illustrated in Section 8.2 (particularly in Example 3).