Doing business with the council - how we buy

Financial thresholds

Definitions:

  • 'Works' - the carrying out of building or engineering works for the council
  • 'Goods' - supply of any goods or materials to the council
  • 'Services' - the provision of any services (including research, professional or consultancy services) to the council

Unless we are purchasing from a framework agreement:

For purchases below £5,000; we may obtain quotes in order to ascertain and demonstrate the overriding principle of value for money.

For any purchases above £5,000 and below £20,000; we are required to obtain two written quotes from potential suppliers.

For any purchases above £20,000 and below £50,000; we are required to obtain three written quotes from potential suppliers.

For any goods or services contracts of £50,000 and above; we follow a full tendering procedure. Tenders are usually advertised on the Source Leicestershire (.co.uk) website

Last updated: ‎02‎/‎08‎/‎2017‎ ‎15‎:‎35‎

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