The (current and) new thresholds (other than for central government, utilities and concession contracts) are:

 

 

 

 

 

Current threshold

 

 

New threshold from 1 January 2018

 

 

 

 

Works

 

£4,104,394

 

 

£4,551,413

 

 

 

Services / supplies

 

£164,176

 

 

£181,302

 

 

 

“Light touch regime” services*

 

£589,148

 

 

£615,278

 

 

 

Small lots** for works

 

£785,530

 

 

£820,370

 

 

 

Small lots** for services and supplies

 

£62,842

 

 

£65,630

 

 

 

 

These will apply to all contracts let and procurements that begin after 1 January 2018.

* The Light Touch Regime applies to “social and other specific services” including health, education, catering, postal services and legal services.

** Where a contracting authority has a ‘single requirement’ for works, services or supplies, up to 20% of that requirement may be let as a separate contract, or as a number of contracts as long as each contract has a value less than the applicable small lots threshold.

Further Information

If you would like advice or have any questions about the points raised in this article, please get in touch with  Andrew Millross.

Is £400m enough?
Is £400m enough?

The government announced on 16 May that it will provide a fund of £400m to cover the costs of removal and replacement of cladding to high rise residential blocks which have failed tests.

The problems with co-owned properties and attorneys
The problems with co-owned properties and attorneys

Whilst some people are under the impression that preparing a Lasting Power of Attorney (LPA) is simply a case of completing a form and ticking a few boxes, it is about far more than this.

What's mine is (not) yours!
What's mine is (not) yours!

A big fear for some people facing divorce and the inevitable carving up of the matrimonial assets. They seek assurances that such assets will be “ring-fenced” and retained for them.

How to avoid the PET trap
How to avoid the PET trap

When an individual is thinking about making a gift to another individual, consideration needs to be given to the Potentially Exempt Transfer (PET) trap.

Fictitious divorces
Fictitious divorces

Arising from the recent Family Division announcement, people who think they are legally divorced may in fact still be married.