For all sponsors: Changes to EU Procurement Thresholds
The WEFO Sponsorship and Delivery Model Guidance document is presently being updated and will be published shortly. The new amounts are as follows and all figures continue to exclude VAT:
|
Thresholds (excluding VAT) |
Quotes / tenders required |
Award procedure |
|
£4,999.99 or below |
1 written quote |
Purchase order |
|
£5,000 to £24,999.99 |
3 written quotes |
Purchase order |
|
£25,000 to £113,057 (Schedule 1) or £173,934 (Other) |
Formal tender process - minimum of 3 bids |
Contract award letter |
|
£113,057 plus |
EU Procurement Process for goods and services for organisations listed in Schedule 1 of SI 1995/201 |
Contract award letter |
|
£173,934 plus |
EU Procurement Process for goods and services for other public sector organisations |
Contract award letter |
|
£4,348,350 |
EU Procurement Process for Works Contracts |
Contract award letter |
A formal EU notification has been issued.