Watchtower/Law library/Procurement Act 2023/5 Materialisation of a known risk
As last captured

Procurement Act 2023 · SCHEDULE 8

5 Materialisation of a known risk

Sch. 8 para. 5 · in force: yes

Captured statutory text (L5)

5 Materialisation of a known risk

(1)A modification is a permitted modification if—
(a)the contracting authority considers that—
(i)a known risk has materialised otherwise than as a result of any act or omission of the contracting authority or the supplier,
(ii)because of that fact, the contract cannot be performed to the satisfaction of the contracting authority,
(iii)the modification goes no further than necessary to remedy that fact, and
(iv)awarding a further contract under Part 3 (instead of modifying the contract) would not be in the public interest in the circumstances, and
(b)the modification would not increase the estimated value of the contract by more than 50 per cent ignoring, for the purpose of estimating the value of the contract, the fact that the risk has materialised.
(2)Sub-paragraph (1)(b) does not apply if the contract being modified is a utilities contract.
Full captured verbatim text
(1) A modification is a permitted modification if—

(a) the contracting authority considers that—

(i) a known risk has materialised otherwise than as a result of any act or omission of the contracting authority or the supplier,

(ii) because of that fact, the contract cannot be performed to the satisfaction of the contracting authority,

(iii) the modification goes no further than necessary to remedy that fact, and

(iv) awarding a further contract under Part 3 (instead of modifying the contract) would not be in the public interest in the circumstances, and

(b) the modification would not increase the estimated value of the contract by more than 50 per cent ignoring, for the purpose of estimating the value of the contract, the fact that the risk has materialised.

(2) Sub-paragraph (1)(b) does not apply if the contract being modified is a utilities contract.

What this provision means

Model summary, checked against the text on the left.

Relevance to Signicat: 1/3 · detailed summary (L4) Status: not needed for a short provision · Stored artifact; current recipe verification unavailable

Modification upon materialisation of a known risk is permitted subject to specific necessity tests and a 50 per cent value limit.

Only the one-line summary above is stored for this provision; the text itself is the evidence.

Refers to

schedule ref schedule_ref · Sch. 8 para. 5

Referred to by

schedule ref schedule_ref · Sch. 5 para. 19

schedule ref schedule_ref · Sch. 8 para. 5

schedule ref schedule_ref · Sch. 8 para. 6

schedule ref schedule_ref · Sch. 8 para. 7

schedule ref schedule_ref · s. 74

schedule ref schedule_ref · s. 75

Part summaries

0 of 0 parts have a verified summary.

L1 unavailable for current verification: the overall summary needs every part verified. Provisions and the verified summaries remain readable.

Verification findings (391)

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synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-8-paragraph-1

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-8-paragraph-2

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-8-paragraph-3

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synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-8-paragraph-5

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-8-paragraph-6

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synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-8-paragraph-8

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synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-9-paragraph-21

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synthesis coverage: missing/unverified L2 schedule-9

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synthesis coverage: missing/unverified L2 schedule-10

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synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-10-paragraph-19

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-10-paragraph-20

synthesis coverage: missing/unverified L2 schedule-11

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-11-paragraph-1

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-11-paragraph-2

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-11-paragraph-3

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synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-11-paragraph-5

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-11-paragraph-6

synthesis coverage: missing evaluation uk:ukpga/2023/54#schedule-11-paragraph-7

Instrument tier unavailable

Change history as published

Sch. 9 para. A1 and cross-headings omitted (24.2.2025) by virtue of The Procurement (Miscellaneous Amendments) (Wales) Regulations 2025 (S.I. 2025/181), regs. 1(2), 3(4)(a)

Sch. 9 para. B1 and cross-headings omitted (W.) (31.12.2025) by The Procurement Act 2023 (Specified International Agreements) (Amendment) (Wales) Regulations 2025 (S.I. 2025/1361), regs. 1(2), 3(2) (with reg. 4)

Sch. 9 para. C1 and cross-headings omitted (W.) (31.3.2026) by virtue of The Procurement Act 2023 (Specified International Agreements) (Amendment) (Wales) Regulations 2026 (W.S.I. 2026/97), regs. 1(2), 2(2) (with reg. 3)

Pending effects amendments not yet applied to this text

No captured pending effects.

Provenance

Every claim the system makes about this text is traceable to these identifiers.

Instrument
uk:ukpga/2023/54
Part
SCHEDULE 8
Version
1f42cbe2e52b2d3b319dfe92…
Content hash
sha256 7dfa66b7a8272b1eda2b2144…
Source
legislation.gov.uk/ukpga/2023/54