Procurement update: New EU financial thresholds applicable from 1 January 2020

The following new financial thresholds will apply from 1 January 2020. With the current ‘Exit Day’ set at 31 January 2020 we wait to see how long into 2020 these will be applicable.

Public Contracts Regulations 2015

Supplies Services Works
Central government £122,976 £122,976 £4,733,252
Other contracting authorities £189,330 £189,330
Social and other specific services £663,540

 

Utilities Contracts Regulations 2016

Supply and service contracts £378,660
Works contracts £4,733,252
Social and other specific services £884,720

 

Concession Contracts Regulations 2016

Concession contracts £4,733,252

 

This article is for general awareness only and does not constitute legal or professional advice. The law may have changed since this page was first published.

Posted in Latest news and blog, Procurement.