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24.—(1) Where the Authority is satisfied that any of the events in Schedule 7 are occurring or have occurred in respect of a qualifying project, it may re-run that tender exercise from the beginning or from a particular stage in accordance with these Regulations.
(2) In the event that no preferred bidder, reserve bidder or successful bidder is or can be determined pursuant to a tender exercise run as a consequence of a decision taken in accordance with paragraph (1), the Authority may—
(a)further re-run that tender exercise from the beginning or from a particular stage in accordance with these Regulations; or
(b)determine that the tender exercise is to be cancelled from the tender round.
(3) Where the Authority determines that the tender exercise is to be cancelled in accordance with paragraph (2)(b), it may, in the circumstances specified in paragraph (4), publish a notice cancelling that tender exercise from the tender round.
(4) The circumstances in which the Authority may publish a notice in accordance with paragraph (3) are that the Authority has—
(a)given seven days notice of its intention to cancel the tender exercise from the tender round; and
(b)considered any representations which have been duly made in relation to the notice published in accordance with sub-paragraph (a).
(5) Where the Authority has published a notice in accordance with paragraph (3), that tender exercise is finished.
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