Financial thresholds
Last Updated: 3 April 2024
Any purchase made on our behalf must comply with the Contract Procedure Rules, in accordance with our constitution. The value of the procurement determines the minimum process that is carried out:
Up to £10,000
Minimum of three written quotations to be obtained. Officers are encouraged to advertise opportunities of this value on The Chest and our website.
£10,001 to £100,000
Opportunities of this value must be advertised on The Chest and our website.
£100,001 to £213,477
A Formal Invitation to Tender. Opportunities of this value must be advertised on The Chest and our website.
£213,477 inc VAT and above
Procurements of this value must comply with Public Contracting Regulations.