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Valuation of a contract and current EU thresholds

last updated: 6th February 2012

A proposed tender will fall under the legislation if its estimated value (before the addition of VAT) is greater than the prescribed thresholds.

To see the current threshold values click here.

The legislation provides guidance on how to estimate the value of the proposed tender.  If after calculation, the value of the contract exceeds the appropriate threshold, it will fall within the scope of the legislation.  The method of calculation used depends upon the type of procurement to be undertaken:

When determining the best procurement strategy aggregation should be considered with a view to maximising the institution's procurement power even where to do so would bring a proposed procurement within the remit of this legislation
 

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