The estimated value of a contract will determine the quotation/tender procedure the council follows, including:
This is set out in the table below.
For low 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.
| Threshold
Contract Value |
Requirement
Minimum number of quotations/tenderers |
Do we advertise the contract? |
|---|---|---|
| Below £5000 | Single verbal or written quotation, or use suitable framework agreement | No |
| £5000 to £24,999 | Three written quotations, or use suitable framework agreement | No |
| £25,000 to £74,999 | Three written quotations, or use suitable framework agreement | No |
| Works Contracts
£75,000 to £5,372,609 (inc VAT) Supplies and Services Contracts £75,000 to £214,904 (inc VAT) |
Use suitable framework agreement or 'open tender' | Required |
| Thresholds effective from 1st January 2024:
Works Contracts - £5,372,609 (inc VAT) Supplies Contracts - £214,904 (inc VAT) Services Contracts - £214,904 (inc VAT) Light Touch Contracts - £663,540 (inc VAT) |
As per UK procedures | As per UK procedures |
Receive information on council services, news and events by email.
Subscribe© 2024 Basingstoke and Deane Borough Council