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What Is a Procurement Threshold?
The contract value at which the full Procurement Act 2023 rules apply, updated periodically and set in pounds including VAT.
What happens when a contract is above threshold?
The full Procurement Act 2023 rules apply, including formal procedures, notices, assessment summaries and standstill.
Are thresholds the same for all contracts?
No. They vary by contract type, such as goods, services or works, and by type of buyer, with separate thresholds for areas like light touch contracts and utilities.
How often do thresholds change?
They are reviewed periodically, usually every two years, so always check the current figures.
