allowable periodmeans the period commencing on the date when section 6 of the Act first applies to the defined authority in question in respect of specified work and ending— (a) as respects work falling within paragraph 12(3)(d) of Schedule 1 to the Act, on the date when that work is completed;
specified workmeans work of any description falling within the defined activity mentioned in section 2(2)(k) of the Act (construction and property services) other than work carried out by a bidding authority to which section 4 of the Act (works contracts: restrictions) applies;
the Actmeans the Local Government Act 1988;
the costmeans the estimated total annual cost including overheads;
the specified proportionmeans an amount equal to the product of the following formula— where an amount equal to the cost to a defined authority of the specified work;
voluntary competitive tenderingmeans the award of work before 1st April 1994 following a competitive process in the course of which at least three persons who are not defined authorities are invited to tender for that work.