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<p> </p><p>At a Direct Award or franchise Re-let we carry out value for money assessments
(in order to calculate Benefit-Cost Ratios) of changes to service levels but we do
not undertake this assessment of the existing base service levels where they carry
forward into the new Agreement.</p><p> </p><p> </p><p> </p><p>However, for any large
procurement exercise such as a Direct Award or Franchise Re-let, we use externally
produced comparators that cover the whole of the franchise to allow us to evaluate
the price of any bid that we receive.</p><p> </p><p> </p><p> </p>
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