# Procurement Act 2023, Paragraph 5: Utilities contracts

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

(1) A utilities contract between a utility and a relevant joint venture to which that utility is party, where—
(a) the joint venture was formed for the purpose of carrying out a utility activity for at least three years, and
(b) the parties to the joint venture are committed, by way of a written agreement, to continue to be parties to the joint venture for a period of three years following the date of that agreement.
(2) In this Schedule, “relevant joint venture” means a joint venture—
(a) formed for the purpose of carrying out a utility activity;
(b) where each party to the joint venture is a utility.

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Source: https://www.legislation.gov.uk/ukpga/2023/54/schedule/2/paragraph/5 (the official version)
Page: https://openlegislation.uk/procurement-act-2023/schedule-2/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.