1.30 The Prison Service considered the options of either spreading the £1 million due from FPSL over the contract period through a reduction in the annual contract price, or receiving it immediately following the refinancing. It agreed with FPSL to receive the £1 million in two instalments, the first on 30 November 1999 when the refinancing was completed, and the second on 31 March 2000. In receiving the payment up front, the Prison Service could be certain of receiving it in full; had the Service decided to take payment by way of a reduction in the contract price and the contract had indeed been terminated prematurely, then an element of the payment would remain outstanding.