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Paragraph 5 Amendment of a default pricing method used for a ... component of a contractF1F10F11

(1)

This paragraph applies where the proposed pricing amendment will change the F2default pricing method used for a F3... component of the contract to another default pricing method (the “new default pricing amendment”).

(2)

The price payable in respect of the pricing amendment must be determined in accordance with the following formula—

(CPR×AC)+AC

where—

  1. (a)

    “CPR” is the contract profit rate for the F4pricing amendment, and

  2. (b)

    “AC” means the primary contractor’s allowable costs under the F5... component after the time of agreement, determined in accordance with the new F6default pricing method.

(3)

The price payable under the amended contract is the total of—

(a)

the price payable for performance under the contract (other than performance under the relevant F7... component),

(b)

the price payable for performance under the relevant F8... component on or before the time of agreement, and

(c)

the price payable in respect of the F9pricing amendment.

Annotations

Textual amendments

F1

Sch. inserted (1.4.2019) by The Single Source Contract (Amendment) (No. 2) Regulations 2018 (S.I. 2018/1350), reg. 1(3), Sch. (with reg. 14)

F2

Word in Sch. para. 5(1) substituted (1.4.2024) by The Single Source Contract (Amendment) Regulations 2024 (S.I. 2024/420), regs. 1(2), 43(11)(b)(i)

F3

Word in Sch. para. 5(1) omitted (1.4.2024) by virtue of The Single Source Contract (Amendment) Regulations 2024 (S.I. 2024/420), regs. 1(2), 43(11)(b)(ii)

F4

Word in Sch. para. 5(2)(a) inserted (1.4.2024) by The Single Source Contract (Amendment) Regulations 2024 (S.I. 2024/420), regs. 1(2), 43(11)(c)(i)

F5

Word in Sch. para. 5(2)(b) omitted (1.4.2024) by virtue of The Single Source Contract (Amendment) Regulations 2024 (S.I. 2024/420), regs. 1(2), 43(11)(c)(ii)(aa)

F6

Word in Sch. para. 5(2)(b) substituted (1.4.2024) by The Single Source Contract (Amendment) Regulations 2024 (S.I. 2024/420), regs. 1(2), 43(11)(c)(ii)(bb)

F7

Word in Sch. para. 5(3)(a) omitted (1.4.2024) by virtue of The Single Source Contract (Amendment) Regulations 2024 (S.I. 2024/420), regs. 1(2), 43(11)(d)(i)

F8

Word in Sch. para. 5(3)(b) omitted (1.4.2024) by virtue of The Single Source Contract (Amendment) Regulations 2024 (S.I. 2024/420), regs. 1(2), 43(11)(d)(i)

F9

Word in Sch. para. 5(3)(c) inserted (1.4.2024) by The Single Source Contract (Amendment) Regulations 2024 (S.I. 2024/420), regs. 1(2), 43(11)(d)(ii)

F10

Word in Sch. para. 5 heading substituted (1.4.2024) by The Single Source Contract (Amendment) Regulations 2024 (S.I. 2024/420), regs. 1(2), 43(11)(a)(i)

F11

Word in Sch. para. 5 heading omitted (1.4.2024) by virtue of The Single Source Contract (Amendment) Regulations 2024 (S.I. 2024/420), regs. 1(2), 43(11)(a)(ii)

Notes on Schedule

Textual amendments

F2

Word in Sch. substituted (1.4.2024) by The Single Source Contract (Amendment) Regulations 2024 (S.I. 2024/420), regs. 1(2), 43(2)

Notes on Part 2

Textual amendments

F2

Sch. Pt. 2 heading substituted (1.4.2024) by The Single Source Contract (Amendment) Regulations 2024 (S.I. 2024/420), regs. 1(2), 43(7)

Notes on Change of default pricing method

Textual amendments

F2

Word in Sch. para. 4 cross-heading substituted (1.4.2024) by The Single Source Contract (Amendment) Regulations 2024 (S.I. 2024/420), regs. 1(2), 43(9)