Insertion of regulation 4A (meaning of “contract price”)
6. After regulation 4 insert—
“Meaning of “contract price”
4A. “Contract price” means—
(a)in relation to a qualifying defence contract which does not contain components and in relation to a component of a qualifying defence contract—
(i)the price payable under the contract or component to the primary contractor as determined in accordance with a contract pricing method; or
(ii)if the contract or component is amended in a way that affects the price payable under it, the price payable under the contract to the primary contractor as determined or, as the case may be, last determined in accordance with the Schedule;
(b)in relation to a qualifying defence contract which contains components—
(i)where the price has not been determined in accordance with regulation 19G (aggregation of components), the sum of the contract prices payable for each component of the contract; or
(ii)where the price has been determined in accordance with regulation 19G, the price of the contract as determined in accordance with that regulation (taking account of any adjustment to that price made in accordance with paragraph 18(3) of the Schedule).”.