The Single Source Contract Regulations 2014

Meaning of “contract completion date” [F1and “component completion date”]U.K.

This section has no associated Explanatory Memorandum

4.—(1) The “contract completion date”, in relation to a contract, means—

F2(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(b)F3... 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 [F4(1)(b)], the date on which the contract is terminated.

[F5(1A) The “component completion date”, in relation to a component of a contract, means—

(a)the date on which the contractor completes all obligations under that component which entitle it to final payment in respect of that component;

(b)if that component is terminated, but any other part of the contract is not terminated, before the date described in sub-paragraph (a), the date on which the component is terminated.]

(2) For the purposes of paragraph (1)(b) [F6and (1A)(a)], final payment under a contract [F7or in respect of a component] 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.

Textual Amendments