The European Commission has released its revised procurement thresholds which apply to contracts awarded under the Public Contracts Regulations 2015, the Utilities Contracts Regulations 2016 and the Concession Contracts Regulations 2016.
The public procurement thresholds are reviewed every two years to take into account currency fluctuations.
The new thresholds will apply from 1 January 2020.
| Existing threshold (until 31 December 2019) | Revised threshold (from 1 January 2020) | |
| Works contracts (all) | £4,551,413 (€5,548,000) | £4,733,252 (€5,350,000) |
| Supply and services contracts (central government) | £118,133 (€144,000) | £122,976 (€139,000) |
| Supply and services contracts (local authorities, universities, academies, emergency services) | £181,302 (€221,000) | £189,330 (€214,000) |
| Services concerning social and other specific services (including GP and dentistry services) | £615,278 (€750,000) | £663,540 (€750,000) |
| Works or services concession contracts (all) | £4,551,413 (€5,548,000) | £4,733,252 (€5,350,000) |
