F1SCHEDULERe-determination of contract price

Annotations:
Amendments (Textual)

PART 1Introductory

Interpretation2

1

In this Schedule—

  • F2...

  • “contractual requirement”, in relation to a qualifying defence contract, means a provision of the contract setting out—

    1. a

      the specification of,

    2. b

      quantity of, or

    3. c

      time or place for delivery of,

    the goods, works or services procured under the contract;

  • “cost-plus method” means the regulated pricing method described in regulation 10(6);

  • “original contract price” has the meaning given in paragraph 1(2);

  • “the parties” has the meaning given in paragraph 1(2);

  • “pricing amendment” has the meaning given in paragraph 1(1).

2

For the purposes of this Schedule, the contract profit rate for an amendment is to be determined in accordance with regulation 11 as it applies for the purpose of determining the contract profit rate for a contract but with the modifications specified in sub-paragraph (3).

3

The modifications to regulation 11 are—

a

in paragraph (3), for “under the contract” substitute “associated with the amendment”;

b

in paragraph (4), for “under the contract” substitute “associated with the amendment”.