Write an essay to explain how the relevant law applies to the legal issues raised by the scenario below :

Giga-Lite Solutions Ltd is a company specializing in a range of electronic and data products and has an average annual turnover of £12.5m. Raluca, the owner, and manager of Giga-Lite Solutions, notices that the City Council website advertises a 'city grant' of £10,000. According to the comprehensive and clear terms, this grant will be awarded to any UK company that can review the City's regeneration plans and be the first to propose a solution to reduce the estimated energy usage of the City Council by 20%, using technology costing no more than £100,000.  Furthermore, the terms state that participating businesses are required to attend the regeneration briefing at City Hall on 10^th January 2023 to inform their proposals and that proposals must be submitted by the end of January 2023.