Regulation 19 Bid deposit
In addition to the initial deposit paid at the time of application, a bidder must, during the sealed bid delivery period, pay into OFCOM’s bank account by a same day electronic transfer, with accompanying information which identifies the bidder, a further sum in pounds as a deposit.
The further sum to be paid under paragraph (1) shall —
where the initial deposit has not been forfeited in accordance with regulation 31, be a sum representing the difference between —
the bidder’s initial deposit; and
half of the highest sum which that bidder has specified on the bidding menu document against any of the licence options; or
where the initial deposit has been forfeited in accordance with regulation 31, be a sum equal to half of the highest sum which that bidder has specified on the bidding menu document against any of the licence options.
The total amount on deposit after payment of the further sum constitutes the bid deposit.