European Union:
Public Procurement 2020 – New Year, New Thresholds
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The European Commission has published the finalised and agreed
threshold values which shall apply to all contracts from 1st
January 2020.
These revised thresholds shall remain fixed for the next two
years. Since the UK is still a member of the EU, the thresholds
have been published in their corresponding value in Pounds Sterling
and in Euros, and will apply to contracts coming under public
procurement legislation in the UK.
The revised thresholds show an increased value in all contracts,
which is due to fluctuations in exchange rates over the previous
two years. The European Commission’s revised threshold values,
which shall take effect as of 1st January 2020 are as follows.
It will be important for all procuring entities in the UK,
commencing award procedures after 1st January 2020 to be aware of
these new thresholds in order to determine if their contracts are
subject to the full scope of the EU procurement regime or not.
This article contains a general summary of developments and
is not a complete or definitive statement of the law. Specific
legal advice should be obtained where appropriate.
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