Examples of Regulated Procurement in a sentence
The lowest price shall only be accepted (if desired for any particular procurement) where the value of the Council’s requirement falls below the Regulated Procurement Threshold Procurement Manual.
The estimated values in these Standing Orders are calculated inclusive of VAT in relation to FTS Thresholds but exclusive of VAT in relation to Regulated Procurement and any requirement lower than the Regulated Procurement thresholds.
Some patients were actually referred to our hospital-based wound clinic, and every- one treated the wounds differently.
The PRA defines Regulated Procurement as “all procurements for goods and services with an estimated value equal to or greater than £50,000 and procurement for works with an estimated value equal to or greater than £2 million”.
However there are exceptions whereby the Public Contracts Regulations 2015 also apply in certain aspects to a procurement which has been estimated at below the Regulated Procurement Spend Thresholds.
Regulated Procurement refers to any Procurement above £50,000 for Supplies and Services and £2,000,000 for Works.
Where an estimated value of a procurement is equal to or exceeds the Regulated Procurement Spend Threshold values, then the Public Contracts Regulations 2015 apply to the procurement process.
A Regulated Procurement is completed when the contract award notice is published or where the contract award procedure otherwise comes to an end.
Future Regulated Procurements Summary Appendix 1 Contracts AwardedAppendix 2 Community Benefits UpdateAppendix 3 Future Regulated Procurement SummaryAppendix 4 Scottish Model of Procurement and Collaborative Working 2.
Where authorisation is given, the modification must be issued in accordance with the contract change procedure and for above Regulated Procurement Spend Threshold Contracts the appropriate Find a Tender and Contracts Finder notices must be submitted where required.