New Public Procurement Thresholds from 1 January 2014
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:
(NET OF VAT)
|Supply and services contracts (Schedule 1 Bodies)||£111,676|
|Supply and services contracts (other contracting authorities)||£172,514|
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.