There are currently no known outstanding effects for the Procurement Act 2023, Paragraph 4.
4(1)Section 16 (pricing of contracts: supplementary) is amended as follows.
(2)In subsection (1)(b)(i), after “contract” insert “or, where relevant, a component of that contract”.
(3)After subsection (3) insert—
“(4)Single source contract regulations may provide that the SSRO—
(a)must, on an application by a person within subsection (5), determine whether the method used to determine the price payable under a qualifying defence contract or a component of that contract was appropriate;
(b)may, in consequence of a determination under paragraph (a), determine that the price payable under the contract is to be adjusted by an amount specified by the SSRO.
(5)The following persons are within this subsection—
(a)the Secretary of State,
(b)an authorised person, and
(c)the primary contractor.”
Commencement Information
I1Sch. 10 para. 4 not in force at Royal Assent, see s. 127(2)
I2Sch. 10 para. 4 in force at 19.1.2024 by S.I. 2024/61, reg. 2(1)(b)(iii) (with reg. 3)
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