Public Procurement (International Trade Agreements) (Amendment) Regulations 2022 now in force
With all of the publicity about the Procurement Bill, it is easy to lose sight of the fact that the Public Contracts Regulations 2015 are being up-dated.
The Public Procurement (International Trade Agreements) (Amendment) Regulations 2022 (SI 2022/766) (Regulations) came into force on 27 June 2022.
The main amendment concerns abnormally low tenders. Regulation 69 sets out the provisions to consider for abnormally low tenders. If a contracting authority seeks an explanation of the price or costs proposed where the tenders appears to be abnormally low, bidders are now required to provide an explanation as to whether the price or costs take into account the grant of subsidies.
The changes set out in the Regulations will not affect any procurement that commenced before the Regulations came into force.
Please contact us should you wish to discuss how we can assist you and your team via the links below and find out more about the procurement team here.