The Ministry of Defence has announced the most significant reform to Single Source Contract Regulations (SSCRs) in years, introducing a direct link between supplier profit rates and on-time, on-budget delivery – in a move that will reshape the commercial dynamics of defence contracting for businesses across the sector. The changes, announced by Minister for Defence Readiness and Industry Luke Pollard MP, come with a stark framing: 96% of major defence projects currently have issues with delivery or cost. The government’s message to industry is unambiguous – that is no longer acceptable, and the financial incentives are being restructured accordingly. What…
