From the 1st January 2016, the threshold values that trigger the need for a regulated public procurement process under the Public Contracts Regulations 2015 will increase.
However, because of movements in exchange rates and especially in GBP sterling the thresholds in the UK have fallen. The threshold values are as set out below.
Financial Thresholds Applicable to Contracts Awarded Under the Public Contracts Regulations
| Type of Contract | UK Thresholds 2014-2015 | Revised UK Thresholds 1st January 2016 – 31st December 2017 |
|---|---|---|
| Supply and service contracts/ design contests awarded by Schedule 1 bodies such as Central Government Bodies | £111,676 | £106,047 |
| Supply and service contracts/ design contests awarded by other contracting authorities | £172,514 | £164,176 |
| Light touch regime contracts | £625,050 | £589,148 |
| Works contracts | £4,322,012 | £4,104,394 |
For more information on this article please contact Paul Hyland at phyland@hylandlegal.uk or on 0161 312 2700.
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