The Single Source Contract Regulations 2014

[F1Amendment of a [F4default] pricing method used for a F5... component of a contractU.K.
This section has no associated Explanatory Memorandum

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