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Regulation 4 Meaning of “contract completion date” and “component completion date”F7

(1)

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

F1(a)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(b)

F2... the date on which the contractor completes all obligations which entitle it to final payment under the contract;

(c)

if the contract is terminated before the date described in sub-paragraph F3(1)(b), the date on which the contract is terminated.

F4(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.

(2)

For the purposes of paragraph (1)(b) F5and (1A)(a), final payment under a contract F6or in respect of a component does not include—

(a)

any payment relating to the effect of specified indices or rates (regulation 10(5) or (10));

(b)

any TCIF adjustment;

(c)

any payment under regulation 16 (final price adjustment); or

(d)

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)