{
  "url": "https://openlegislation.uk/procurement-act-2023/schedule-10/paragraph-10",
  "json_url": "https://openlegislation.uk/procurement-act-2023/schedule-10/paragraph-10.json",
  "legislation": "ukpga/2023/54",
  "legislation_title": "Procurement Act 2023",
  "legislation_url": "https://openlegislation.uk/procurement-act-2023",
  "path": "schedule/10/paragraph/10",
  "kind": "paragraph",
  "number": "10",
  "heading": "Contract profit rate",
  "text": "(1) Section 18 (contract profit rate: supplementary) is amended as follows.\n(2) In subsection (2)(a)—\n(a) for “6” substitute “4”;\n(b) after “paragraph” insert “, or a component of such a contract”.\n(3) In subsection (2)(b), after “contract” insert “or component”.\n(4) In subsection (2)(c), after “those contracts” insert “or components of those contracts”.\n(5) For subsection (3)(a) substitute—\n“(a) may, on an application by a person within subsection (4), determine whether—\n(i) the baseline profit rate identified under step 1 in section 17(2) is correct in relation to a qualifying defence contract or a component of such a contract;\n(ii) an adjustment agreed under any of steps 2 to 4 in section 17(2) is appropriate;\n(iii) an adjustment agreed under step 3 in section 17(2) is in accordance with the regulations.”",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 10 para. 10 not in force at Royal Assent, see s. 127(2)"
    },
    {
      "type": "I",
      "label": "I2",
      "text": "Sch. 10 para. 10 in force at 19.1.2024 by S.I. 2024/61, reg. 2(1)(b)(iv) (with reg. 3)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2023/54/schedule/10/paragraph/10",
    "retrieved_at": "2026-10-29T08:50:42.097136+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}