European Procurement and Government Contracts Digest: New Threshold Values for 2014 & 2015

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New Higher Procurement Threshold Values to Apply Across Europe from 1 January 2014 -

From 1 January 2014, the threshold values that trigger the need for a regulated public procurement exercise across Europe have been increased. However, because of the movement in the £/€ exchange rate in the past two years, the equivalent values in pounds sterling for UK-originated procurements have fallen.

WHAT IS THE DEVELOPMENT?

Commission Regulation (EC) No. 1336/2013 of 13 December 2013 (the “Regulation”) amends the existing European directives that set out the EU public procurement rules and will come into force on 1 January 2014. Utilities-related procurement (governed by Directive 2004/17/EC of 31 March 2004), as well as non-utilities-related procurement (governed by Directive 2004/18/EC of 13 July 2009) will be affected by the change.

Please see full alert below for more information.

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Topics:  EU, Procurement Guidelines

Published In: Energy & Utilities Updates, Government Contracting Updates, International Trade Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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