Regulation 4 Meaning of “contract completion date”

(1)

The “contract completion date”, in relation to a contract, means—

(a)

the date described in the contract as the contract completion date; or

(b)

if no such date is described in the contract, the date on which the contractor completes all obligations which entitle it to final payment under the contract;

(c)

if the contract is terminated before the date described in sub-paragraph (1)(a) or (b) (as the case may be), the date on which the contract is terminated.

(2)

For the purposes of paragraph (1)(b), final payment under a contract does not include—

(a)

any payment relating to the effect of specified indices or rates (regulation 10(5) or (10));

(b)

any TCIF adjustment;

(c)

any payment under regulation 16 (final price adjustment); or

(d)

any amount which is determined by the SSRO to be payable.