Procurement: Updated thresholds for January 2024 published

The procurement thresholds for 2024 have been released via the Public Procurement (Agreement on Government Procurement) (Thresholds) (Amendment) Regulations 2023, which were laid before Parliament on 26 October 2023.

The new procurement thresholds will apply from 1 January 2024 to all procurements commenced on or after that date.

The thresholds will be:

A summary of the main thresholds is below, with the 2022-2023 thresholds (which will remain in effect until 31 December 2023) shown in italic text by way of comparison:

 

	Type of contract
Type of authority	Works	Supplies & Services	Light Touch Regime Services	Concessions
Central Government Bodies	£5,372,609 £5,336,937*	£139,688 £138,760*	£663,540 £663,540*	£5,372,609 £5,336,937*
Sub-central Authorities	£5,372,609 £5,336,937*	£214,904 £213,477*	£663,540 £663,540*	£5,372,609 £5,336,937*
*2022-2023 thresholds