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Defence Secretary, Sir Michael Fallon, has announced a reduction in the baseline profit rate for contracts under the Single Source Contract Regulations.

Delivering savings for the Armed Forces

Homeland March 17, 2017

Defence Secretary, Sir Michael Fallon, has announced that the baseline profit rate for contracts under the Single Source Contract Regulations will be reduced from 8.95% to 7.46% from 1st April 2017. The intention is to give better value for money to taxpayers and fairer profits for industry, with all savings being ...

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