How the weak euro affects public procurement The sterling value of the euro thresholds for the purposes of the public procurement regulations is updated every two years. The fall in the value of the euro has had the effect of lowering the sterling value of these thresholds with the inevitable result that more public contracts will now fall within the strict rules of the public procurement regime. As from 1 January 2000 the sterling thresholds were reduced as shown opposite.
Different thresholds apply to contracts awarded by the utilities.
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