# The Single Source Contract Regulations 2014, Regulation 2: Interpretation

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

(1) In these Regulations—
“the Act” means the Defence Reform Act 2014, and references to sections are to sections of that Act;
“alternative pricing method” means one of the contract pricing methods described in Chapter 3 of Part 3;
“business unit” means either—
(a)a unit—
(i)which carries on any activities for the purposes of an undertaking; and
(ii)for which separate financial accounting statements are produced; or
(b)an undertaking, or group of two or more undertakings, for which a single set of financial accounting statements is produced which is separate from the financial accounting statements of each of those undertakings;
“competed rate” means the competed rate or price in accordance with the terms of the relevant framework agreement;
“component”, in relation to a contract, has the meaning given by regulation 9A;
“component completion date” has the meaning given by regulation 4(1A);
“contract completion date” has the meaning given by regulation 4 (1);
“contract price” has the meaning given by regulation 4A;
“contract pricing method” means an alternative pricing method or a default pricing method;
“cost recovery base” means the unit of measure to which a cost recovery rate is applied in order to calculate a cost under a contract;
“cost recovery rate” means a rate calculated for a business unit that is used to determine a cost payable under a contract, being a rate per unit of a cost recovery base that is multiplied by the quantum of that cost recovery base to determine the cost;
“default pricing method” means one of the contract pricing methods described in Chapter 2 of Part 3;
“deliverable” means any goods, works or services which—
(a)are provided under a contract; and
(b)can be described using an output metric;
“further group sub-contract” has the meaning given by regulation 13A(4);
“group sub-contract” has the meaning given by regulation 13A(3);
“output metric” means a quantifiable description of any goods, works or services (including a number, weight, dimension, time or physical capability, but not including a monetary value);
“parent undertaking” has the meaning given by section 1162 of the Companies Act 2006 ;
...
“SME” has the meaning given in Commission Recommendation 2003/361/EC of 6 May 2003 concerning the definition of micro, small and medium-sized enterprises ;
“TCIF adjustment” means an adjustment made under section 16(1)(b);
“the time of agreement” means—
(a)in the case of a contract which is a qualifying defence contract by virtue of section 14(3), or a qualifying sub-contract—
(i)the date the contract is entered into; or
(ii)if the price payable under the contract is re-determined in accordance with the Schedule, the date of that re-determination;
(b)in the case of a contract which is a qualifying defence contract by virtue of section 14(4) or (5)—
(i)the date of the amendment mentioned in section 14(4)(c) or (5)(b); or
(ii)if the price payable under the contract is re-determined in accordance with the Schedule, the date of that re-determination;
(c) in the case of a component of a qualifying defence contract—
(i)the date the component is entered into; or
(ii)if the price payable under the component is re-determined in accordance with the Schedule, the date of that re-determination;
“undertaking” has the meaning given by section 1161(1) of the Companies Act 2006;
“working day” means any day excluding—
(a)Saturday, Sunday, Christmas Day, Good Friday or a bank holiday under the Banking and Financial Dealings Act 1971 ; and
(b)where a person gives the Secretary of State and the SSRO no less than 30 days' written notice of its intention to treat a day as a holiday, that day.
(2) A reference to a report provided under Part 5 includes a contract pricing statement (regulation 23), a contract reporting plan (regulation 24), a contract costs statement (regulation 29), and information provided under regulation 30 (on-demand contract report).
(3) A reference to a report provided under Part 6 includes an estimated rates agreement pricing statement under regulation 38.

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Source: https://www.legislation.gov.uk/uksi/2014/3337/regulation/2 (the official version)
Page: https://openlegislation.uk/single-source-contract-regulations-2014/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.