Financial robustness of the Solution

The evaluation will take account of the robustness of the assumptions used in the Bidder's Financial Model. Sensitivity analysis will be used to model the effects of different base assumptions. Account will be taken of:

•  The credibility of the financial assumptions used

•  The completeness, quality, and integrity of financial information provided

•  The level of cash throughout the Contract Period

•  The level of distributable reserves throughout the Contract Period

•  Interest cover ratios

•  Debt service ratios.