Steps in determining contract profit rate
Other duties (1) — Crown / regulator
- Agree contract profit rate using steps set by SSRO procedures Crown / Minister / Government department
UK Statutory Instrument
2014
United Kingdom
The Single Source Contract Regulations 2014
At a glance
What's here
14 compliance obligations
Who this Act binds
Business-side actors with duties under this Act, ranked by how often they appear.
- Contractor 13
Plus 1 non-business duty on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.
Other Acts binding the same actors
For each actor bound by this Act, the other UK Acts that bind them most often. Useful for understanding the full compliance landscape facing each role.
Contractors also bound by 178 other Acts (top 5 shown)
- The National Health Service (Personal Medical Services Agreements) Regulations 2015 2015 137 duties
- The National Health Service (General Medical Services Contracts) Regulations 2015 2015 134 duties
- Construction (Design and Management) Regulations 2015 2015 114 duties
- The National Health Service (General Medical Services Contracts) (Wales) Regulations 2023 2023 93 duties
- The Health and Personal Social Services (General Medical Services Contracts) Regulations (Northern Ireland) 2004 2004 87 duties
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Procedure for determining final price adjustment
- Attempt to agree final price adjustment on qualifying defence contracts Contractor
Commercial pricing
- Provide all relevant pricing information to the Secretary of State Contractor
Duty to keep relevant records
- Keep relevant records for qualifying defence contracts and overhead reports Contractor
General requirements and interpretation
- Submit required reports for qualifying defence contracts Contractor
Contract pricing statement
- Provide initial and revised contract pricing statements for qualifying defence contracts Contractor
Contract reporting plan
- Submit a contract reporting plan for qualifying defence contracts Contractor
Contract notification report
- Submit a contract notification report for qualifying defence contracts Contractor
Quarterly contract report
- Submit quarterly contract reports for qualifying defence contracts Contractor
Interim contract report
- Provide interim contract report for qualifying defence contracts Contractor
Component completion report
- Submit component completion report within 12 months of component completion Contractor
Contract costs statement
- Provide a contract costs statement within 12 months of contract or component completion Contractor
On-demand contract report
- Provide contract reports on demand from the Secretary of State Contractor
Assessing whether a contract would be a qualifying sub-contract
- Assess potential qualifying sub-contracts, keep records, and notify the Secretary of State Contractor
Browse 86 other sections — procedural / definitional / commencement
Citation and commencement
Application of Schedule
Interpretation
Interpretation
Pricing amendments not covered by Part 2 or 4
Multiple pricing amendments
Meaning of “defence purposes” and “substantially for defence purposes”)
Application of Part 2
Meaning of “contract completion date” and “component completion date”
Meaning of “contract price”
Amendment of the default pricing method used for a qualifying defence contract
Calculating the value of a contract
Amendment of a default pricing method used for a ... component of a contract
Threshold value for qualifying defence contracts
Amendment affecting a defined element of allowable costs
Contracts that may not be qualifying defence contracts
Meaning of a new contract
Change to a contractual requirement: contract or ... component not using cost-plus method
Competitive process for single contracts
Change to a contractual requirement: contract or ... component which uses cost-plus method – distinguishable costs
Competitive process for contracts made under a framework agreement
Components of qualifying defence contracts
Contract pricing methods
Re-determination of contract price
Change to a contractual requirement: contract or ... component which uses cost-plus method – costs not distinguishable
Default pricing of contracts
Other amendments
Scope of Part 3
Calculation of profit on cost once (“POCO”) adjustment
Re-determination of the contract price
Rates agreed on a group basis
Costs associated with group profits
Application of Part 4
Re-determination of contract price
Pricing amendment of contract or component priced using regulation 19A (commercial pricing)
Target cost incentive fee (“TCIF”) adjustment
Pricing amendment of contract or component priced using regulation 19B (prices determined in accordance with law)
Pricing amendment of contract or component priced using regulation 19C (previously agreed price)
Calculation of final price adjustment
Pricing amendment of contract or component priced using regulation 19E (competed rates applied to uncompeted volumes)
Determination of contract profit rate adjustments
Pricing amendment of a contract priced using regulation 19G (aggregation of components)
Determination of allowable costs
Prices determined in accordance with law
Previously agreed price
Novated contract price
Competed rates applied to uncompeted volumes
Agreed changes to the contract profit rate
Aggregation of components
Examination of relevant records
Contract completion report
Application of this Part
Interpretation
General requirements
Actual rates claim report
QBU actual cost analysis report
Estimated rates claim report
QBU estimated cost analysis report
Estimated rates agreement pricing statement
Rates comparison report
Strategic industry capacity report: general requirements
Strategic industry capacity report: corporate structure
Strategic industry capacity report: activities, people and infrastructure
Strategic industry capacity report: forecast costs of maintaining industrial capacity
Strategic industry capacity report: capacity and supply chain
Small or medium enterprises (“SME”) report
Disapplication of requirements to give information
Reference to SSRO to investigate obligation of confidentiality
Contraventions of section 31
Time limits for compliance notices and penalty notices
Maximum penalties
Matters on which the SSRO must give an opinion
Matters in relation to which the SSRO must make a determination
Time limits for applications for opinions
Matters to which the SSRO must have regard in making determinations
References in relation to contracts entered into before the relevant date
Information specified for the purposes of paragraph 1(1)(c) of Schedule 5
Interpretation
Requirements for qualifying sub-contracts
Competitive process for single sub-contracts
Competitive process for sub-contracts made under a framework agreement
Appeal against assessment
Cessation of application to qualifying sub-contracts
Modifications of Part 2 of the Act
Modifications of these Regulations
Price adjustments for qualifying sub-contracts
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