Search Legislation

Defence Reform Act 2014

Status:

This is the original version (as it was originally enacted).

21Final price adjustment

This section has no associated Explanatory Notes

(1)Single source contract regulations may provide for adjustments to be made to the total price payable by the Secretary of State under a qualifying defence contract.

(2)The regulations must specify the procedure to be followed in determining the amount of any adjustment.

(3)Provision made under subsection (2) must include provision for the amount of any adjustment to be determined—

(a)by agreement between the Secretary of State, or an authorised person, and the primary contractor, or

(b)by the SSRO, where the matter is referred to it by the Secretary of State, an authorised person or the primary contractor.

(4)Provision under this section may be expressed so as to apply—

(a)to particular kinds of qualifying defence contracts;

(b)to qualifying defence contracts the value of which is of or above the amount specified for the purposes of this paragraph.

(5)The Secretary of State may direct that provision under this section does not apply in relation to a qualifying defence contract the value of which is—

(a)of or above the amount specified for the purposes of subsection (4)(b), but

(b)less than the amount specified for the purposes of this paragraph in the regulations.

(6)The regulations may specify matters to which the Secretary of State must have regard in deciding whether to make a direction under subsection (5).

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

See additional information alongside the content

Show Explanatory Notes for Sections: Displays relevant parts of the explanatory notes interweaved within the legislation content.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Notes

Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources