The Single Source Contract (Amendment) Regulations 2024

Amendment of regulation 2 (interpretation)

3.  In regulation 2(1)(1)—

(a) after the definition of “the Act” insert—

““alternative pricing method” means one of the contract pricing methods described in Chapter 3 of Part 3;”;

(b) after the definition of “business unit” insert—

““competed rate” means the competed rate or price in accordance with the terms of the relevant framework agreement;

“component”, in relation to a contract, has the meaning given by regulation 9A;

“component completion date” has the meaning given by regulation 4(1A);”;

(c) in the definition of “contract completion date”, at the end insert “(1)”;

(d) for the definition of “contract price” substitute—

““contract price” has the meaning given by regulation 4A;”;

(e) after the definition of “contract price” insert—

““contract pricing method” means an alternative pricing method or a default pricing method;”;

(f) after the definition of “cost recovery rate” insert—

““default pricing method” means one of the contract pricing methods described in Chapter 2 of Part 3;”;

(g) in the definition of “further group sub-contract”, for “12(6)” substitute “13A(4)”;

(h) in the definition of “group sub-contract”, for “12(5)” substitute “13A(3)”;

(i) omit the definition of “regulated pricing method”;

(j) in the definition of “the time of agreement”, at the end insert—

“(c) in the case of a component of a qualifying defence contract—

(i) the date the component is entered into; or

(ii) if the price payable under the component is re-determined in accordance with the Schedule, the date of that re-determination;”.

(1)

Regulation 2 was amended by S.I. 2018/1350 and S.I. 2019/1106.