The estimated value of a contract will determine the tender procedure the council follows, including how many tenders we need to invite, how we advertise and what checks we make. This is set out in the tables below:
|
Contract Value |
Minimum number of Tenderers |
Do we advertise the contract? |
|
£0 to £25,000
£25,001 to £75,000
£75,001 to £4,348,350
Above £4,348,350 |
No minimum number
3
5
As per EU procedures |
No
Recommended
Required
As per EU procedures
|
|
Supplies and Services Contracts |
|
Contract Value |
Minimum number of Tenderers |
Do we advertise the contract? |
|
£0 to £25,000
£25,001 to £75,000
£75,001 to £173,934
Above £173,934 |
No minimum number
3
5
As per EU procedures |
No
Recommended
Required
As per EU procedures
|
For lower value contracts the council does not need to seek tenders and can award a contract on the basis of value for money.
For larger value contracts, the council must be satisfied with the competence of the selected contractor, and will carry out an evaluation of their financial standing.
