Issue

Assurance Statement & Remarks

Recommendation

Assurance Status

1

Commercial risk allocation & management

[insert comments and list of evidence seen and evidence required but not yet seen]

[insert recommendations]

[insert
Red/Amber/Green]

2

Requirements (commercial articulation and acceptance/demonstration of)

3

Time (timetable and strategy to close & in service delivery)

4

Affordability (and whole life costs)

5

Value for money (VFM) & ongoing VFM testing

6

Contracting strategy & Project Agreement (contract) compliance with mandatory drafting

7

Payment & incentive mechanism

8

Flexibility for variations and changes

9

Financing structure & Special Purpose Vehicle (SPV) robustness

10

Project/Programme Governance & leadership

11

Acquisition team skills & resources

12

Commercial relationship management (consortia/bidder/contractor behaviours & cohesion, and contract management plan/strategy etc)