Thresholds to Fall

The European Commission has lowered the thresholds for public contracts above which they must be advertised across the EU. The adjustment amends two Directives adopted earlier this year and was made to reflect changes in the value of the euro since the legislation was drafted. The new limits will come into effect from 31 January 2006 and are as follows, central government authorities supplies and services contracts - €154,000 (down from €162,000); other public sector authorities' supplies and services contracts - €236,000 (down from €249,000) and
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all public works contracts - €5.923 million (down from €6.242 million).
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