Regulation 4 Meaning of “contract completion date” and “component completion date”F7
The “contract completion date”, in relation to a contract, means—
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F2... the date on which the contractor completes all obligations which entitle it to final payment under the contract;
if the contract is terminated before the date described in sub-paragraph F3(1)(b), the date on which the contract is terminated.
The “component completion date”, in relation to a component of a contract, means—
the date on which the contractor completes all obligations under that component which entitle it to final payment in respect of that component;
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.
For the purposes of paragraph (1)(b) F5and (1A)(a), final payment under a contract F6or in respect of a component does not include—
any payment relating to the effect of specified indices or rates (regulation 10(5) or (10));
any TCIF adjustment;
any payment under regulation 16 (final price adjustment); or
any amount which is determined by the SSRO to be payable.
Annotations
Textual amendments
- F1
Reg. 4(1)(a) omitted (1.4.2024) by virtue of The Single Source Contract (Amendment) Regulations 2024 (S.I. 2024/420), regs. 1(2), 5(b)(i)
- F2
Words in reg. 4(1)(b) omitted (1.4.2024) by virtue of The Single Source Contract (Amendment) Regulations 2024 (S.I. 2024/420), regs. 1(2), 5(b)(ii)
- F3
Word in reg. 4(1)(c) substituted (1.4.2024) by The Single Source Contract (Amendment) Regulations 2024 (S.I. 2024/420), regs. 1(2), 5(b)(iii)
- F4
Reg. 4(1A) inserted (1.4.2024) by The Single Source Contract (Amendment) Regulations 2024 (S.I. 2024/420), regs. 1(2), 5(c)
- F5
Words in reg. 4(2) inserted (1.4.2024) by The Single Source Contract (Amendment) Regulations 2024 (S.I. 2024/420), regs. 1(2), 5(d)(i)
- F6
Words in reg. 4(2) inserted (1.4.2024) by The Single Source Contract (Amendment) Regulations 2024 (S.I. 2024/420), regs. 1(2), 5(d)(ii)
- F7
Words in reg. 4 heading inserted (1.4.2024) by The Single Source Contract (Amendment) Regulations 2024 (S.I. 2024/420), regs. 1(2), 5(a)