(4.2)  Payment mechanism.

As a result of following the standard contracts noted above, eligible projects will be structured so that the transaction includes payment of fees at annual or more frequent intervals. In most cases payments should not be made until works have been completed and accepted, and the level of payment will at least partly be determined by performance standards or usage. Although up-front capital payments may in some exceptional cases be value for money, these must be agreed with HM Treasury at an early stage.