# The Local Government (Direct Service Organisations) (Competition) Regulations 1993, Paragraph 4


For each qualifying tender the local authority shall calculate the present value of savings by means of the formula—
12×F×AM where—
A means the amount by which the value of the sum of the savings exceeds the value of the sum of the differences;
M means the total number of months in the contract period;
F means the value in the second column of the Table corresponding with that rate in the first column of the Table which represents the current general discount rate prescribed by HM Treasury for the purpose of comparing public expenditure—
Table
Column 1
Column 2
1%
9.56602
2%
9.16224
3%
8.78611
4%
8.43533
5%
8.10782
6%
7.80169
7%
7.51523
8%
7.24689
9%
6.99525
10%
6.75902

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Source: https://www.legislation.gov.uk/uksi/1993/848/schedule/paragraph/4 (the official version)
Page: https://openlegislation.uk/local-government-direct-service-organisations-competition-regulations-1993/schedule/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.