New procurement thresholds that come into effect on 1 January 2020 have been published by the European Commission.
These financial thresholds are applicable to regulated procurement by the public sector and utilities (including concession contracts).
The new thresholds were published in Euros, and in Euros they have slightly decreased. The Commission has also published the corresponding values of the thresholds in non-Euro national currencies. Exchange rate fluctuations mean that the Sterling equivalents have in fact increased slightly.
The table below shows the thresholds up to the end of 2019 alongside the revised thresholds, which will apply from 1 January 2020:
Public Sector
| To 31 December 2019 | From 1 January 2020 | |
| Supplies and Services (Central Government and Schedule 1 entities) | £118,133 | £122,976 |
| Supplies and Services (Sub-Central Contracting Authorities) | £181,302 | £189,330 |
| Works Contracts | £4,551,413 | £4,733,252 |
| Social and other Specific Services (Light Touch Regime) | £615,278 | £663,540 |
Utilities Procurement
| To 31 December 2019 | From 1 January 2020 | |
| Supplies and Services | £363,424 | £378,660 |
| Works contracts | £4,551,413 | £4,733,252 |
| Social and other Specific Services (Light Touch Regime) | £820,370 | £663,540 |
Concessions
| To 31 December 2019 | From 1 January 2020 | |
| Concession contracts | £4,551,413 | £4,733,252 |
The thresholds are updated every two years and so the thresholds that start from 1 January 2020 will remain fixed until 31 December 2022.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
