The Single Source Contract Regulations 2014

[F1Amendment of the regulated pricing method used for a qualifying defence contractU.K.
This section has no associated Explanatory Memorandum

4.—(1) This paragraph applies where the proposed pricing amendment will change the regulated pricing method used for the contract to another regulated pricing method (the “new regulated pricing method”).

(2) The price payable in respect of the pricing amendment must be determined in accordance with the following formula—

where—

(a)

“CPR” is the contract profit rate for the amendment, and

(b)

“AC” means the primary contractor’s allowable costs after the time of agreement, determined in accordance with the new regulated pricing method.

(3) The price payable under the amended contract is the total of—

(a)the price payable in respect of performance under the contract on or before the time of agreement, and

(b)the price payable in respect of the amendment.]

Textual Amendments