GovWire

This bulletin is part of a regular published series of statistical reports, containing analysis of key QDC/QSC information. Analysis of all contracts that became a QDC/QSC between 1 April 2015 and 31 December 2022 is included.

The SSRO was notified of 535 contracts that became QDCs/QSCs by 31 December 2022. Contractors have one month after the date the contract becomes a QDC/QSC to submit reports, and as of 31 January 2023 the SSRO had received contract reports for 507 contracts that became QDCs/QSCs between 1 April 2015 and 31 December 2022. This analysis is based on these 507 contracts, which comprised 436 QDCs and 71 QSCs.

In the first nine months of 2022/23, the SSRO has received contract reports for 47 new QDCs/QSCs, with an estimated total contract price of 2.1 billion. The estimated total contract price of all 507 QDCs/QSCs was 79.1 billion. The average reported estimated contract profit rate across all QDCs/QSCs was 9.41 per cent.

The analysis reflects the most recently reported contract data. All data is taken from reports submitted by the contractor for each QDC/QSC as indicated in the bulletin. The data may not reflect values at contract completion.

The SSRO would like to make users aware of a number of changes following stakeholder feedback that will be made to the annual and quarterly statistics as follows:

• A new statistic showing the change over time to the total estimated contract price by financial year in which the contract became a QDC/QSC.
• A new statistic showing the cumulative flow of the estimated price of contracts that have completed and contracts that are active.
• A new breakdown to the mean and median estimated contract price statistics, to show the average contract price by QDC and QSC.
• A new breakdown will be added to the quarterly bulletin series, showing the estimated contract price broken down by financial quarter.

The publication schedule for the next four quarterly bulletins is as follows: