The Road Works (Recovery of Costs) (Scotland) Regulations 2003

Interpretation

2.  In these Regulations–

“the Act” means the New Roads and Street Works Act 1991;

“the 1992 Regulations” means the Road Works (Sharing of Costs of Works) (Scotland) Regulations 1992(1);

“chargeable job” means an item of work, the costs of which are recoverable under the provisions of Part IV of the Act;

“claimant” means an authority, body or person who is entitled to recover costs under Part IV of the Act;

“costs” means costs or expenses referred to in section 155(1) of the Act as being recoverable by an authority, body or person under Part IV of the Act;

“costs centre” means a unit of financial accountability identifiable within a claimant’s management accounts and responsible for specific activities within a claimant’s organisation;

“cost in that period of capital” means the cost of capital calculated by reference to the rate of return which is prescribed either by legislation, or by the relevant regulator in respect of the claimant’s regulated activities (whether or not the chargeable job is such an activity) or, if no such rate is prescribed, by reference to a rate which is two per cent above the Public Sector Discount Rate as set by the Treasury from time to time;

“direct costs” means those costs described in regulation 5;

“licence” means any form or authorisation, permission, or appointment, by which the claimant is authorised to carry out regulated activities;

“overheads” means those costs described in regulation 6;

“regulated activities” means activities which are authorised or regulated by a licence and

supervised by the relevant regulator;

“relevant regulator” means a person, independent of the claimant, charged with supervising the claimant’s regulated activities and ensuring a claimant complies with the terms of the licence authorising those activities; and

“support services” mean services provided from within an organisation in support of activities which incur direct costs.

(1)

S.I. 1992/1672.