New regulations lower the contract threshold for publication to Contracts Finder

Even where the value of a contract falls below the threshold for the full application of the procurement regulations, there remain obligations to publish details of contracts being awarded to the Contracts Finder website, unless the value of the contract is de minimis.

Shortly before Christmas, the Public Contracts (Amendment) Regulations 2022 came into force and updated the de minimis thresholds for publication of contract notices and contract award notices to Contracts Finder. The thresholds are now £12,000 inclusive of VAT for central government bodies and £30,000 inclusive of VAT for sub-central government bodies, NHS Trusts and NHS Foundation Trusts. Foundation Trusts will welcome this confirmation that, for these purposes, it is the £30,000 threshold that applies to them (this had previously been unclear). To find out more, head over to our sister blog, Procurement Portal.

If you'd like to find out more about the progress of the Procurement Bill you can read Jenny Beresford-Jones's blog here. 

Our next session in our series of Five in Twenty Five webinars is on 12 January 2023 at 10 am which will focus on the topic of dealing with procurement challenges. If you'd like to attend, register here.