Paragraph 2 InterpretationF1

In this Schedule—

• F2“contract profit rate”, in relation to a pricing amendment, means the contract profit rate that would be determined for the pricing amendment in accordance with regulation 11 as it applies for the purpose of determining the contract profit rate for a contract or component, and regulation 11(3) is modified for these purposes so that “under the contract or component” is to be read as “associated with the pricing amendment”;

• F3...

• “contractual requirement”, in relation to a qualifying defence contract F4or component of such a contract, means a provision of the contract F5or component setting out—

  1. (a)

     the specification of,

  2. (b)

     quantity of, or

  3. (c)

     time or place for delivery of,

  the goods, works or services procured under the contract;

• “cost-plus method” means the F6default pricing method described in regulation 10(6);

• “original contract price” has the meaning given in paragraph 1(2);

• “the parties” has the meaning given in paragraph 1(2);

• F7...

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