Key Messages

Be clear on the basis of appointment of the preferred bidder and the degree to which lenders support its position

List all outstanding points and prepare "Hymn Sheets" on key commercial issues

Work with the preferred bidder to present a common position on risk to lenders

Plan everything in detail but build in flexibility to your timetable

Assess the risk of uncompetitive pricing and manage it appropriately

Have a clear output specification

Be clear on the basis of any re-pricing

Understand the preferred bidder's price

Monitor affordability throughout using the financial model