The Single Source Contract Regulations 2014
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
15 Target cost incentive fee (“TCIF”) adjustment
The circumstances specified for the purposes of section 16(1) are that— (a) the qualifying defence contract— (i) contains provision to the effect that the total price payable under the contract or component is subject to adjustment in accordance with section 16(1)(b); and (ii) specifies the matters which must be taken into account in determining the amount of that adjustment; and (b) the price payable under the contract or component was determined using the target pricing method.
15 Target cost incentive fee (“TCIF”) adjustment
The circumstances specified for the purposes of section 16(1) are that— (a) the qualifying defence contract— (i) contains provision to the effect that the total price payable under the contract or component is subject to adjustment in accordance with section 16(1)(b); and (ii) specifies the matters which must be taken into account in determining the amount of that adjustment; and (b) the price payable under the contract or component was determined using the target pricing method.
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