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6. A tender exercise to be held in accordance with these Regulations shall comprise the following stages—
(a)a qualification stage in order to determine which bidders shall become qualifying bidders and be invited to participate in a proposal stage;
(b)a proposal stage in order to determine which qualifying bidders shall be selected to become preferred applicants or reserve applicants;
(c)if the competent authority considers that it is unable to determine a preferred applicant after the proposal stage or that it is otherwise necessary or appropriate in the circumstances, a best and final offer stage; and
(d)a preferred applicant stage in order to determine the successful applicant to whom the electricity smart meter communication licence and the gas smart meter communication licence are to be granted.
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