New thresholds now in force

Thursday January 5th, 2012

Ruth McNaught, Solicitor at Harper Macleod LLP

The EU Commission has published the new financial thresholds which will apply from 1 January 2012 through to 31 December 2013 for the application of the Public Contracts Regulations 2006, the Utilities Contracts Regulations 2006, the Defence and Security Public Contracts Regulations 2011 and their Scottish equivalents.

The financial thresholds are adjusted every two years and are now as follows (net of VAT):

  • Supply and Service contracts awarded by central government – £113,057
  • Supply and Service contracts awarded by other contracting authorities – £173,934
  • Works contracts – £4,348,350

Although the thresholds above which it is necessary to advertise a contract have risen slightly, they are not significant changes.

Ruth is a solicitor at Harper Macleod LLP and can be contacted on ruth.mcnaught@harpermacleod.co.uk

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