21.4.1 Where there is an equity bridge facility (with debt being provided instead of equity on a temporary basis), Authorities should ensure that the full equity investment remains at risk on a termination (such that normal risk-allocation principles are maintained).
21.4.2 Authorities should ensure that levels of sub-contract security (bonds, liquidated damages, etc.) remain at the same levels regardless of any public-sector capital contribution (i.e. if there is a 10% Authority contribution, sub-contract security levels should still be gauged against 100% costs and not just against the 90% private sector contribution). No amendment of the required drafting listed in Section 2.1 (Assurance and Standardisation), should be made, except that an allowance may be made for future capital contributions as set out in the base case when calculating the amount of any termination payment under Section 23.2.9 where the "no retendering" termination route is used.