PART 2Amendments to the Single Source Contract Regulations 2014

Amendment of regulation 17 (calculation of final price adjustment)

7.  In regulation 17, after paragraph (6)(j), insert—

(k)where the contract contains at least one component which is not a relevant defined component, references to the contract price, the contract profit, the contract profit rate, the loss level and the outturn costs relate only to the relevant defined component or components of the contract;

(l)references to the relevant defined component or components of a contract are to the component or components of the contract with a price determined by the firm pricing method, the fixed pricing method or the volume-driven pricing method..