Tender Threshold
All expenditure with third parties is subject to our internal procedures. If there is no contract already in place or access to an approved framework officers are required to:
- Seek a minimum of three competitive quotes for all expenditure up to £50K
- Carry out a formal full tender process for all expenditure over £50k
- Any expenditure over the EU public procurement threshold must be subject to the appropriate tender process
The current EU tender thresholds are:
- Goods and services: £181,302
- Works: £4,551,413
The tender thresholds are reviewed every two years and adjusted based on the exchange rate of GBP to the Euro.