New public procurement thresholds
04 January 2016
New thresholds for contracts governed by the Public Contracts Regulations 2015 came into force on 1 January 2016. The Regulations only apply where the estimated value of the contract (not including VAT) exceeds the published threshold.
Thresholds are set annually at European level in Euros. In order to avoid any confusion, an official sterling equivalent is published in the Official Journal of the European Union and does not change with exchange rate fluctuations throughout the year.
Although the Euro thresholds have risen slightly on last year’s figures, the GBP thresholds have actually reduced as a result of the falling exchange rate and are now as follows:
- For central government contracts for supplies or services – £106,047 (down from £111,676)
- For other contracting authorities for supplies or services – £164,176 (down from £172,514)
- For public works contracts – £4,104,394 (down from £4,322,012).
Clarkslegal, specialist Public Procurement lawyers in London, Reading and throughout the Thames Valley.
For further information about this or any other Public Procurement matter please contact Clarkslegal's public procurement team by email at firstname.lastname@example.org by telephone 020 7539 8000 (London office), 0118 958 5321 (Reading office) or by completing the form on this page.
This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full General Notices on our website.
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