Consult Schedule 2 [1] [1]for the meaning of all words beginning with a capital letter.
In particular the contract value must be calculated per the definition of Total Value.
Total Value (before VAT) |
Procedure for inviting offers
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Framework Contracts | Marketplace | Other purchases | |
<£5,000 | Follow procedures recommended by Procurement Services for the contract. | Only the price from the Marketplace is required. | Written price confirmation. |
£5,000 - £25,000 | Three Written Quotes. | ||
>£25,000 - £50,000 |
Three Written Quotes or three Written Proposals, depending on complexity, risk and value of the purchase (see the guidance in Procurement Procedures).
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>£50,000 |
Three Tender Submissions.
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>£100,000 |
Procurement Services must be consulted/involved and agree the most appropriate procurement method.
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2. The expectation is that, where the required goods are available, purchases up to £25,000 will be made via the Marketplace or under a Framework Contract. Other offers should not be sought, unless better value can be achieved elsewhere, in which case Procurement Services must be notified so that any price discrepancies and inclusion of the supplier on the Marketplace can be explored.