A numerical total must not average away a material unresolved exposure. Apply this unscored checklist after the 15 questions. These are this desk’s conservative decision gates, not statutory rules.
Mark each condition Clear, Unresolved or Unknown:
- [ ] Financial foundation: material discrepancies remain in the financial baseline, or essential forecast inputs cannot be substantiated.
- [ ] Funding: modeled operating deficits, required works or committed payments lack documented funding available when needed.
- [ ] Physical condition and lawful operation: an unresolved safety, permitted-use, environmental or accessibility issue could prevent the intended operation, and its remedy or implications remain unassessed.
- [ ] Contractual execution: necessary consents, transfer rights, termination mechanics or material payment obligations remain unresolved.
- [ ] Insurance and retained exposure: required coverage is unavailable or material premiums, deductibles and exclusions remain unassessed.
- [ ] Decision authority: no authorized person has accepted responsibility for the recommendation, outstanding conditions and spending commitment.
Any Unresolved or Unknown result means: Hold irreversible commitment; resolve the issue or establish a specialist-supported, approved solution first. It does not mean abandon the asset or stop proportionate diligence.
For example, 42/45 with unfunded required building works remains a hold, not a high-readiness approval. No business-case acceptance can substitute for a legally required approval.