The Single Source Contract Regulations 2014

2 Interpretation

(1) In these Regulations— “the Act” means the Defence Reform Act 2014, and references to sections are to sections of that Act; “alternative pricing method” means one of the contract pricing methods described in Chapter 3 of Part 3; “business unit” means either— a unit— which carries on any activities for the purposes of an undertaking; and for which separate financial accounting statements are produced; or an undertaking, or group of two or more undertakings, for which a single set of financial accounting statements is produced which is separate from the financial accounting statements of each of those undertakings; “competed rate” means the competed rate or price in accordance with the terms of the relevant framework agreement; “component”, in relation to a contract, has the meaning given by regulation 9A; “component completion date” has the meaning given by regulation 4(1A); “contract completion date” has the meaning given by regulation 4 (1); “contract price” has the meaning given by regulation 4A; “contract pricing method” means an alternative pricing method or a default pricing method; “cost recovery base” means the unit of measure to which a cost recovery rate is applied in order to calculate a cost under a contract; “cost recovery rate” means a rate calculated for a business unit that is used to determine a cost payable under a contract, being a rate per unit of a cost recovery base that is multiplied by the quantum of that cost recovery base to determine the cost; “default pricing method” means one of the contract pricing methods described in Chapter 2 of Part 3; “deliverable” means any goods, works or services which— are provided under a contract; and can be described using an output metric; “further group sub-contract” has the meaning given by regulation 13A(4); “group sub-contract” has the meaning given by regulation 13A(3); “output metric” means a quantifiable description of any goods, works or services (including a number, weight, dimension, time or physical capability, but not including a monetary value); “parent undertaking” has the meaning given by section 1162 of the Companies Act 2006 ; ... “SME” has the meaning given in Commission Recommendation 2003/361/EC of 6 May 2003 concerning the definition of micro, small and medium-sized enterprises ; “TCIF adjustment” means an adjustment made under section 16(1)(b); “the time of agreement” means— in the case of a contract which is a qualifying defence contract by virtue of section 14(3), or a qualifying sub-contract— the date the contract is entered into; or if the price payable under the contract is re-determined in accordance with the Schedule, the date of that re-determination; in the case of a contract which is a qualifying defence contract by virtue of section 14(4) or (5)— the date of the amendment mentioned in section 14(4)(c) or (5)(b); or if the price payable under the contract is re-determined in accordance with the Schedule, the date of that re-determination; in the case of a component of a qualifying defence contract— the date the component is entered into; or if the price payable under the component is re-determined in accordance with the Schedule, the date of that re-determination; “undertaking” has the meaning given by section 1161(1) of the Companies Act 2006; “working day” means any day excluding— Saturday, Sunday, Christmas Day, Good Friday or a bank holiday under the Banking and Financial Dealings Act 1971 ; and where a person gives the Secretary of State and the SSRO no less than 30 days' written notice of its intention to treat a day as a holiday, that day. (2) A reference to a report provided under Part 5 includes a contract pricing statement (regulation 23), a contract reporting plan (regulation 24), a contract costs statement (regulation 29), and information provided under regulation 30 (on-demand contract report). (3) A reference to a report provided under Part 6 includes an estimated rates agreement pricing statement under regulation 38.