Jan 04 2022

The procurement thresholds for 2022 have been released. In contrast to previous years when the thresholds were determined by the European Commission, this year the UK government has set the thresholds via the Public Procurement (Agreement on Government Procurement) (Thresholds) (Amendment) Regulations 2021 (“the 2021 Regulations”) which were laid before Parliament on 1 November 2021.

The new procurement thresholds will apply from 1 January 2022 to all procurements commenced on or after that date.

The Public Contracts Regulations

Supplies (Goods) & Services - £213,477 (including VAT)

Works - £5,336,937 (including VAT)

Light Touch Regime for Services

£663,540 (including VAT)

The Concession Contracts Regulations

Concession Contracts - £5,336,937 (including VAT)

Below Threshold Procurements

Publishing on Contracts Finder - £25,000 (including VAT)

Updated College Procurement Thresholds