Financial risk decides the winner

摘要

A popular view is that DfT puts the subsidy/premium profile offered by bidders above all else - and certainly above past performance - when awarding a franchise. The NAO report includes a detailed description of the process actually used, illustrated by the competition which saw Stagecoach selected as preferred bidder for the replacement SWT franchise in February 2007:rnStep 1: Select bids that are affordable based on available resources.rnStep 2: Discard bids that fail the technical assessment of deliverability.