Regulation 2 Application of section 6

Where a specified authority proposes to carry out specified work on or after 1st January 1992 and before 1st August 1992 (“the first period”), or on or after 1st August 1992 and before 1st January 1993 (“the second period”), section 6 of the Act shall apply in each of those periods to the regulated amount of that work.

In paragraph (1) above “the regulated amount” means work to the value of the product of–

$$\left(\mathrm{EW}\times \genfrac{}{}{0.1ex}{}{\mathrm{P}}{100}\right)-\text{Y}$$

where–

EW

the gross amount estimated by the authority as the cost of the specified work carried out or treated as carried out by or for the authority in the financial year ending on 31st March 1991;

Y

the gross amount estimated by the authority as the cost of the specified work proposed to be carried out for but not by the authority in the relevant period; and

P

35 in respect of the first period, and 70 in respect of the second period.

Section 6 of the Act shall apply to any specified work which is proposed to be carried out by a specified authority on or after 1st January 1993.