Prices and other trading terms secured by the institution whether obtained locally, via one of the regional consortia or by access to other public contract, are obtained subject to the information being held as commercially confidential. Historically, this has meant that information provided as part of a competition should have been treated a confidential by both parties.
However the Freedom of Information Act 2000 provides that not all information is automatically to be treated as confidential and may have to be disclosed should a question be received, under the Act, seeking the information. The legislation has been implemented slightly differently in Scotland than in England, Scotland and Wales, therefore, it is recommended that guidance is sought from your institution's Information Records Officer before any action is taken to disclose information.
In respect of prices submitted in quotation and tender exercises, it is likely that all prices will be confidential while the exercise is underway. When the contract has been awarded, the value of the awarded contract is not confidential and indeed, for some types of contracting authorities, contract values for contracts that exceed £25k should be published on Contracts Finder. For tenders over the EU Threshold all contracting authorities are required to publish a contract award notice that includes the contract value.