§ Mr. Brayasked the Secretary of State for the Environment if the three-year contract placed by his Department with United Builders Merchants for maintenance materials and hardware was on a Mixed price basis and whether the margins currently allowed are intended to conform to phases 2 and 3 of the Price Code.
§ Mr. KaufmanAltogether of 75 per cent. of the range of over 10,000 items covered by this contract are on fixed prices subject to half yearly reviews. The contractor is required to comply with the counter-inflation legislation, including the adjustment of his margin on his business as a whole to ensure that his profits are not excessive.