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What are the rules for tendering when the amount falls below the EU financial thresholds?

April 26, 2017EU falls financial rules tendering thresholds

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What are the rules for tendering when the amount falls below the EU financial thresholds?

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Answer When contracting, competitive tendering should be entered into to obtain best Value for Money (VFM). To this end the minimum requirements are: Up to £4,000 – 1 oral/telephone quote. £4, 000 – £10,000 – 3 written quotes.