The EU Commission has set revised procurement thresholds which apply from 1st January 2020. If the UK leaves the EU on the basis of the current withdrawal agreement, the government has confirmed that procurement legislation will remain broadly the same during the transition period.
The level of the procurement thresholds is relevant for organisations interested in bidding for public works/services/supply. If the value of a contract let by a central government or other “contracting authorities” (such as local authorities, emergency services and universities) is above threshold then the contracting authority will need to comply with the relevant competition and advertising requirements of the applicable procurement regulations (see below).
The revised thresholds are as follows:
The Public Contracts Regulations 2015
Contracts for Works (all contracting authorities) £4,733,252
Supplies and Services (central government) £122,976
Supplies and Services (all other contracting authorities) £189,330
Social services and other services covered by the “Light Touch Regime” (all contracting authorities) £663,540
The Utilities Contracts Regulations 2016
Contracts for Works £4,733,252
Supplies and Services £378,660
“Light Touch Regime” £884,720
The Concession Contracts Regulations 2016
All contract types £4,733,252