Officers purchasing supplies, works or services will make sure that best practice is applied and take reasonable steps to ensure best value is obtained. They will follow the Contract Procedure Rules and ensure that the Procurement Code of Conduct is complied with.
| Transaction | Value | Description |
|---|---|---|
|
Low Value Transactions |
up to £999.00 |
Minimum of one written or verbal quotation OR use P-CardMinimum of one written or verbal quotation OR use P-Card where possible this should be with a local supplier |
|
Minor Value Transactions |
£1,000 to £9,999.99 |
Minimum of one written quotation that demonstrates best value, where possible with a local supplier |
|
Medium Value Transactions |
£10,000 to £24,999 |
Minimum of three written quotations plus evidence of best value where possible two from local suppliers |
| Major (a) Value Transactions | £25,000 to £74,999 | Opportunity must be advertised on Contracts Finder website and contract awarded with spend justification |
| Major (b) Value Transactions | £75,000 to relevant OJEU* limit* |
Opportunity must be advertised as a full tender on Contracts Finder website and contract awarded with spend justification |
| OJEU (European tender level) | OJEU limit and above | Opportunity must advertised in the OJEU and on Contracts Finder and follow specific regulations. Contract awarded with spend justification. |
*OJEU is the Official Journal of the European Union
*Opportunities must be advertised in OJEU when they are: over £181,302 or over £4.55m for works. Light touch (which includes some Social Care, Health Services) is £615,278
