David suggested: > Surely the point of the exercise (if you believe in it) is that ALL > tenders are acceptable. The process is, after all, intended to > establish a market price for the moorings. Whether that market price is > the same as, above or below what BW would otherwise have charged for > that mooring is for the market to decide.
Perhaps it's just the cynic in me but my feeling is that they're only interested in establishing a market price if it's above the existing price. ;-))) Of course this tends to shoot down someone's much expounded theory about true market pricing but, hey, we can't all be right can we? Roger
