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Good Practice Guide Thresholds

last updated: 24th August 2011

The following thresholds, for quotation and tender exercises are recommended within this Good Practice Guide for colleges to include in their financial regulations.

Note: you should check your own institution's Financial and Procurement Procedures to check if different thresholds (at the sub-EU levels) apply.

 

Supplies and Services

Competitive procedure Financial Threshold
Quotations Between £5,000 and £25,000
Tenders Over £25,000
Tenders - EU Over ~£155,000

 

 

Works

Competitive procedure Financial Threshold
Quotations Between £25,000 and £250,000
Tenders Over £250,000
Tenders - EU Over ~£3,900,000

 

 

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