# Procurement Act 2023, Paragraph 3: Concession contracts

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

(1) Paragraph 1 does not apply to the estimation of the value of a concession contract.
(2) A contracting authority must estimate the value of a concession contract as the maximum amount the supplier could expect to receive under or in connection with the contract including, where applicable, amounts already received.
(3) The amount a supplier could expect to receive includes the following—
(a) amounts representing revenue (whether monetary or non-monetary) receivable pursuant to the exploitation of the works or services to which the contract relates (whether from the contracting authority or otherwise);
(b) the value of any goods, services or works provided by the contracting authority under the contract other than for payment;
(c) amounts that would be receivable if an option in the contract to supply additional services or works were exercised;
(d) amounts that would be receivable if an option in the contract to extend or renew the term of the contract were exercised;
(e) amounts representing premiums, fees, commissions or interest that could be receivable under the contract;
(f) amounts received on the sale of assets held by the supplier under the contract.

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Source: https://www.legislation.gov.uk/ukpga/2023/54/schedule/3/paragraph/3 (the official version)
Page: https://openlegislation.uk/procurement-act-2023/schedule-3/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.