I’ve heard about procurement thresholds. What are they?
Each local authority sets procurement thresholds that dictate the basic method by which that authority will procure its goods, services and works. Typically the greater the value or risk of a potential contract the more rigorous a process will be used. For example; low value procurements will only be subject to obtaining a written quotation from the preferred supplier, whereas those high value procurements that exceed the European Union (EU) thresholds will be subject to a competitive tendering process in accordance with the EU procurement regulations. It should be noted that the thresholds for each authority may differ, although the procurement principles will remain the same.
