Brief Scope of Work:

The Consultant will review the supporting data, assumptions, methodologies and funding schedule, identify material gaps or uncertainties, and provide clear conclusions and recommendations to support PA’s regulatory oversight and decision-making, approval of Annual Advance Final Payment (AFP) and to also clearly identify any gaps arising.

The scope of work is expected to include but is not limited to the following:

• Regulatory assurance

Confirm that the AFP calculation and funding approach are consistent with PA’s D&R Guideline and applicable obligations.

• Protection against underfunding

Asset coverage, cost estimates, economic assumptions, and contribution timing to determine whether the fund remains adequate and proportionate. 

• Independent technical and financial challenge

Provide specialist benchmarking and model assurance beyond routine internal review. 

• Decision support

Give management a clear evidence base for acceptance, qualification, challenge or follow-up of yearly AFP submission. 

• Governance and audit trail

Document the basis of review, findings, assumptions, limitations and close-out actions for future monitoring and assurance.