January 2018 – Procurement threshold limits to increase
The European Commission announced revised threshold limits for public procurements on 19th December 2017, together with the official rates for converting these limits into pounds sterling. These revised limits will apply from 1 January 2018 to all contract opportunities arising on or after that date.
Contracting authorities should note that the financial thresholds have, effectively, been increased as a result of the revised limits.
*The above thresholds are net of VAT