PART 1General

Meaning of “contract completion date”4

1

The “contract completion date”, in relation to a contract, means—

a

the date described in the contract as the contract completion date; or

b

if no such date is described in the contract, the date on which the contractor completes all obligations which entitle it to final payment under the contract;

c

if the contract is terminated before the date described in sub-paragraph (1)(a) or (b) (as the case may be), the date on which the contract is terminated.

2

For the purposes of paragraph (1)(b), final payment under a contract does not include—

a

any payment relating to the effect of specified indices or rates (regulation 10(5) or (10));

b

any TCIF adjustment;

c

any payment under regulation 16 (final price adjustment); or

d

any amount which is determined by the SSRO to be payable.