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Universities have successfully persuaded the Cabinet Office to introduce a minimum contract value threshold of £2 million in relation to some of the transparency requirements to reduce the administrative burden on universities, particularly regarding the publication of information.
The current procurement rules will remain in effect until 23 February 2025 and will apply to procurements commenced before this date. Procurements started after 24 February will be governed by the new rules. For below threshold contracts , Contracts Finder will still be active.
Awarding the Contract The winning supplier is selected based on clear criteria, ensuring fair and competitive procurement. Review and Lessons Learned After completion, procurementteams assess what worked and what could be improved for future projects. The UK now follows its procurement regulations.
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