The Single Source Contract (Amendment) Regulations 2024
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Change 1
3 Amendment of regulation 2 (interpretation)
In regulation 2(1)— (a) after the definition of “the Act” insert— “alternative pricing method” means one of the contract pricing methods described in Chapter 3 of Part 3; ; (b) after the definition of “business unit” insert— “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); ; (c) in the definition of “contract completion date”, at the end insert “(1)”; (d) for the definition of “contract price” substitute— “contract price” has the meaning given by regulation 4A; ; (e) after the definition of “contract price” insert— “contract pricing method” means an alternative pricing method or a default pricing method; ; (f) after the definition of “cost recovery rate” insert— “default pricing method” means one of the contract pricing methods described in Chapter 2 of Part 3; ; (g) in the definition of “further group sub-contract”, for “12(6)” substitute “13A(4)”; (h) in the definition of “group sub-contract”, for “12(5)” substitute “13A(3)”; (i) omit the definition of “regulated pricing method”; (j) in the definition of “the time of agreement”, at the end insert— (c) in the case of a component of a qualifying defence contract— (i) the date the component is entered into; or (ii) if the price payable under the component is re-determined in accordance with the Schedule, the date of that re-determination; .
3 Amendment of regulation 2 (interpretation)
In regulation 2(1)— (a) after the definition of “the Act” insert— “alternative pricing method” means one of the contract pricing methods described in Chapter 3 of Part 3; ; (b) after the definition of “business unit” insert— “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); ; (c) in the definition of “contract completion date”, at the end insert “(1)”; (d) for the definition of “contract price” substitute— “contract price” has the meaning given by regulation 4A; ; (e) after the definition of “contract price” insert— “contract pricing method” means an alternative pricing method or a default pricing method; ; (f) after the definition of “cost recovery rate” insert— “default pricing method” means one of the contract pricing methods described in Chapter 2 of Part 3; ; (g) in the definition of “further group sub-contract”, for “12(6)” substitute “13A(4)”; (h) in the definition of “group sub-contract”, for “12(5)” substitute “13A(3)”; (i) omit the definition of “regulated pricing method”; (j) in the definition of “the time of agreement”, at the end insert— (c) in the case of a component of a qualifying defence contract— (i) the date the component is entered into; or (ii) if the price payable under the component is re-determined in accordance with the Schedule, the date of that re-determination; .
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