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News - the latest from calfordseaden
Alterations to EU procurement thresholds imminent
20/12/11
The financial thresholds which govern when a public works, service or supply contract should be advertised by a contracting authority in accordance with the Public Contracts Regulations 2006 (as amended) will be changing on 1 January 2012.
The new figures, all exclusive of VAT, have been converted from the fixed Euro amounts and are a slight increase on the existing thresholds. They are as follows:
| Services (£) | Supplies (£) | Works (£) | |
| Entities listed in Schedule 1 (which includes NHS Trusts and Central Government Departments) |
113,057 | 113,057 |
4,348,350 |
| Other public sector contracting authorities (which includes Registered Providers) |
173,934 | 173,934 | 4,348,350 |
These new rates will apply to procurements commenced between 1 January 2012 and 31 December 2013.
Slight increases have also been made to the thresholds applicable to works covered by the Utilities Regulations and the Defence Procurement Rules.
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