Regulation 5 Amendment of regulation 4 (meaning of “contract completion date”)

In regulation 4—

(a)

in the heading, at the end insert “and “component completion date””;

(b)

in paragraph (1)—

(i)

omit sub-paragraph (a) (and the “or” at the end);

(ii)

in sub-paragraph (b), omit “if no such date is described in the contract,”;

(iii)

in sub-paragraph (c), for “(1)(a) or (b) (as the case may be)” substitute “(1)(b)”;

(c)

after paragraph (1) insert—

(1A)

The “component completion date”, in relation to a component of a contract, means—

(a)

the date on which the contractor completes all obligations under that component which entitle it to final payment in respect of that component;

(b)

if that component is terminated, but any other part of the contract is not terminated, before the date described in sub-paragraph (a), the date on which the component is terminated.

;

(d)

in the opening words of paragraph (2)—

(i)

after “(1)(b)” insert “and (1A)(a)”;

(ii)

after “contract” insert “or in respect of a component”.