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[F1SCHEDULEU.K.Re-determination of contract price

Textual Amendments

[F2PART 2U.K.Re-determination of price using a default pricing method]

Textual Amendments

Change of [F3default] pricing methodU.K.

Textual Amendments

Amendment of a [F4default] pricing method used for a F5... component of a contractU.K.

5.—(1) This paragraph applies where the proposed pricing amendment will change the [F6default] pricing method used for a F7... component of the contract to another [F6default] pricing method (the “new [F6default] pricing amendment”).

(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 [F8pricing] amendment, and

(b)

“AC” means the primary contractor’s allowable costs under the F9... component after the time of agreement, determined in accordance with the new [F10default] pricing method.

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

(a)the price payable for performance under the contract (other than performance under the relevant F11... component),

(b)the price payable for performance under the relevant F12... component on or before the time of agreement, and

(c)the price payable in respect of the [F13pricing] amendment.]

Textual Amendments