The Local Government Act 1988 (Competition) (Housing Management) (England) Regulations 1994

Interpretation

2.  In these Regulations—

“the Act” means the Local Government Act 1988;

“the permitted period” means a period of five years beginning on the date on which work was awarded;

“the specified proportion” means an amount equal to the product of the following formula—

where—

T

=

the total annual cost (including overheads) to an authority to which these Regulations apply of the specified work,

A

=

an amount, expressed as a sum of money, produced by calculating the percentage of T shown in the Table in Part I of the Schedule to these Regulations against the appropriate Band for the financial year in question, and the authorities are divided into Bands in accordance with Part II of the Schedule,

B

=

for the permitted period, an amount equal to the total annual cost (including overheads) of specified work which is being carried out by an authority to which these Regulations apply following voluntary competitive tendering;

“specified work” means work of any description falling within the defined activity mentioned in section 2(2)(h) of the Act (housing management) other than work carried out under a works contract in relation to which the authority in question were the bidding authority;

“voluntary competitive tendering” means the awarding of work, before 1st September 1994, following a competitive process in the course of which at least three persons who are not authorities to which these Regulations apply were invited to tender for that work.