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.