# The Single Source Contract Regulations 2014, Regulation 2: Interpretation


(1) In these Regulations—
“the Act” means the Defence Reform Act 2014, and references to sections and Schedules are references to sections of, and Schedules to, that Act;
“business unit” means either—
(a) a unit—
(i) which carries on any activities for the purposes of an undertaking; and
(ii) for which separate financial accounting statements are produced; or
(b) 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;
“contract completion date” has the meaning given by regulation 4;
“contract price” means—
(a) the contract price determined in accordance with regulation 10; or
(b) if the contract price has been re-determined in accordance with regulation 14, the price as re-determined;
“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;
“deliverable” means any goods, works or services which—
(a) are provided under a contract; and
(b) can be described using an output metric;
“further group sub-contract” has the meaning given by regulation 12(6);
“group sub-contract” has the meaning given by regulation 12(5);
“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;
“regulated pricing method” means one of the six pricing methods described in paragraphs (4), (5), (6), (7) and (8), (9) and (10), or (11) of regulation 10;
“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—
(a) in the case of a contract which is a qualifying defence contract by virtue of section 14(3), or a qualifying sub-contract—
(i) the date the contract is entered into; or
(ii) if the price payable under the contract is re-determined under regulation 14, the date of that re-determination;
(b) in the case of a contract which is a qualifying defence contract by virtue of section 14(4) or (5)—
(i) the date of the amendment mentioned in section 14(4)(c) or (5)(b); or
(ii) if the price payable under the contract is re-determined under regulation 14, 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—
(a) Saturday, Sunday, Christmas Day, Good Friday or a bank holiday under the Banking and Financial Dealings Act 1971; and
(b) 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).

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Source: https://www.legislation.gov.uk/ukdsi/2014/9780111122440/regulation/2 (the official version)
Page: https://openlegislation.uk/draft-single-source-contract-regulations-2014/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.