What are Official Journal of the European Union (OJEU) and European Regulations?
When tendering and awarding contracts for goods, services or works we are legally obliged to observe the requirements of the EU Public Procurement Rules. These Stipulate that contracts valued in excess of specified amounts (see below) must be publicly exposed to competition within the European Union. The updated procurement thresholds for 2020/2021 were announced by the European Commission at the end of 2019. Public sector procurement is currently agreed at EU level. As the UK remains a part of the European Union until a Brexit agreement is made, the new thresholds will apply to all public authorities from 1 January 2020. OJEU thresholds indicate at what value a contract for goods, works or services must be advertised. It is mandatory for public sector contracting authorities to adhere to these regulations. However, it is important that suppliers are also aware of advertising thresholds. These figures are set by the European Union and are subject to change but are correct at the time of producing this article.
- Supply Services/Design Contracts: £378,660 or €428,000
- Works Contracts: £4,733,252 or €5,350,000
- Social & Other Specific Services: £663,000 or €750,000
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