New Public Procurement Thresholds for 1 January 2014 published
The European Commission has published the revised euro thresholds for the application of the procedures for the award of contracts under the EU public procurement directives (Directive 2004/17 [utilities], Directive 2004/18 [public sector contracts] and Directive 2009/81 [defence and security contracts]), which are to apply from 1 January 2014. We note that although EU thresholds have been revised upwards, the sterling thresholds are slightly lower than the current thresholds due to fluctuations in exchange rates over the previous two years.
The thresholds for the application of the EU public procurement directives are revised every two years to ensure that they remain consistent with those that are used for the WTO Government Procurement Agreement, whose requirements are incorporated into the directives.
For the UK the thresholds in the Public Contracts Regulations 2006, Utilities Contracts Regulations 2006 and the Defence and Security Public Contracts Regulations 2011 will be amended as follows…
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