Paragraph 5 Materialisation of a known riskI1

England, Wales and Scotland

In paragraph 4, a “known risk” means a risk that—

(a)

the competent authority considered—

(i)

could jeopardise the satisfactory performance of the public service contract, but

(ii)

because of its nature, could not be addressed in the public service contract as awarded, and

(b)

was identified in a notice for the award of the public service contract published under regulation 22, including by reference to—

(i)

its meeting the description in sub-paragraph (a), and

(ii)

the possibility of modification under paragraph 4.

Annotations