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On 1 January 2014 new thresholds for application of the EU public procurement rules came into effect.
Where a contract for works, supply or services to be awarded has a value above these thresholds, contracting authorities must follow a regulated procurement procedure in accordance with the Public Procurement Regulations 2006 (as amended).
The new thresholds are as follows:
| Revised thresholds
(NET OF VAT) |
|
| Supply and services contracts (Schedule 1 Bodies) | £111,676 |
| Supply and services contracts (other contracting authorities) | £172,514 |
| Works contracts | £4,322,012 |
Need a way of keeping the thresholds to hand? Our handy desktop calendar could be the perfect thing. With the new thresholds and our procurement top tips on one side and a quick reference calendar on the other, it’s a great tool for procurement practitioners and the public sector alike.
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