30.3.1 If some bidders propose to use project finance and some corporate finance, the latter will have to bid against a Contract that takes account of the changes set out in Section 30.5.
30.3.2 It may not be necessary for bidders using corporate finance to provide bank commitment letters although comfort around availability of funding will still be required.
30.3.3 To the extent that no project-specific external debt is being provided, a formal funding competition is not relevant.2
30.3.4 The Authority should not automatically be assumed to be responsible for interest-rate movements between bid and Financial Close.
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2 HMT, Preferred Bidder Debt Funding Competitions - Draft outline guidance for feedback (August 2006).