# Procurement Act 2023, Paragraph 11: Contract profit rate

Extent: E+W+S+N.I.

(1) Section 19 (rates etc relevant to determining contract profit rate) is amended as follows.
(2) In subsection (1) omit “the SSRO funding adjustment”.
(3) In subsection (2)—
(a) omit “and the SSRO funding adjustment”;
(b) omit “or funding adjustment”.
(4) In subsection (4) omit “, and the SSRO funding adjustment for that year,”.
(5) In subsection (5)—
(a) omit “or the SSRO funding adjustment”;
(b) omit “or funding adjustment” in both places it occurs.
(6) In subsection (6) omit “or the funding adjustment”.

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Source: https://www.legislation.gov.uk/ukpga/2023/54/schedule/10/paragraph/11 (the official version)
Page: https://openlegislation.uk/procurement-act-2023/schedule-10/paragraph-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.