Article summary
The Single Source Regulations Office (SSRO) has launched a consultation on its new and updated pricing guidance on non-competitive defence contracts. The consultation is aimed at obtaining feedback on the guidance which introduces alternative pricing methods for contracts, more flexibility and transparency through broadening the ability for a contract to be split into different components or parts and the rationalisation of how the contract profit rate is to be calculated. The guidance is due to come into force on 1 April 2024. The consultation closes on 17 April 2024.
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