Regulation 11 Lot selection menu
Where there is only one bidder, OFCOM shall notify that bidder of—
a deadline by when the bidder must deliver to OFCOM at Riverside House, 2a Southwark Bridge Road, London SE1 9HA a lot selection menu in the form set out in Schedule 3 completed in accordance with paragraph (2) and signed on its behalf by two authorised persons; and
a further deadline by when the bidder must pay into OFCOM’s bank account by a same day electronic transfer, with accompanying information which identifies the bidder, a sum determined in accordance with paragraph (4).
The bidder must ensure that its lot selection satisfies the following conditions—
at least one lot is selected;
a licence condition is specified which it wishes to have included in the licence for that selection of lots.
The licence fee shall be the total amount of the prices as specified by OFCOM on the lot selection menu for the lots selected by the bidder.
The sum which the bidder must pay to OFCOM shall be—
where the initial deposit has not been forfeited in accordance with regulation 49, a sum equal to the licence fee less the initial deposit; or
where the initial deposit has been so forfeited, a sum equal to the licence fee.