Tulkinghorn’s brain was rattling around at a recent outing as two Lovells partners tried to explain the intricacies of the jargon and acronyms surrounding infrastructure project finance.
In the midst of all the BAFO, LAFO and DBFO, Jason Radford tried to sneak past a FART. Now Tulkinghorn is familiar with the ‘best and final offer’, ‘last and final offer’ and ‘design, build, finance and operate terms’, but FART?
Tulkinghorn was dubious, and rightly so. With a shrug of the shoulders, Radford confessed that Tulkinghorn’s doubt over FART was on the nose. “Fast and reasonable transport, perhaps?” he quipped.