Procurement Thresholds definition
Procurement Thresholds means the prescribed threshold values set for the supply of goods, services, works, Social and other Specific Services or concession contracts as they may be amended from time to time under the 2015 Regulations;
Procurement Thresholds means the prescribed financial thresholds from 1 January 2024 of £5,372,609 (incl. VAT) (works contracts), £214,904 (incl. VAT) (supplies/services contracts) and £663,540 (incl. VAT) (Schedule 3 service contracts) as such contracts are defined or referenced in the Regulations.
Procurement Thresholds means the total value of all requirements for a purchase, lease, rental or hire of goods and services of a similar type. In judging whether goods, supplies or services are “of the same type”, account should be taken, for instance, of whether they would normally be ordered together and/or from the same suppliers. Threshold amounts determine the procurement method and may be periodically updated.
Examples of Procurement Thresholds in a sentence
Where a contract is in excess of the EC Procurement Thresholds detailed below, additional procedures will require to be undertaken in order to comply with EC Regulations.
Contractor shall comply with the Sonoma County Procurement Thresholds for Goods and Services and the requirements listed in 2 CFR 200.321.
More Definitions of Procurement Thresholds
Procurement Thresholds means the prescribed threshold values set for the supply of goods, services or works as they may be amended from time to time under the Regulations may be amended from time to time;